https://www.taxtmi.com/caselaws?id=49511 The court held that the assessment to excess profits tax was valid, binding on the business and its owners, including the appellant. The recovery proceedings under Section 46 were deemed valid, and the appellant was considered an "assessee in default" liable for the tax arrears. Consequently, Civil Appeal No. 107 of 1956 was dismissed with costs, and the petition was dismissed with no order as to costs. en-us Wed, 21 Sep 1960 00:00:00 +0530 Tue, 02 Sep 2014 10:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49511 The court held that the assessment to excess profits tax was valid, binding on the business and its owners, including the appellant. The recovery proceedings under Section 46 were deemed valid, and the appellant was considered an "assessee in default" liable for the tax arrears. Consequently, Civil Appeal No. 107 of 1956 was dismissed with costs, and the petition was dismissed with no order as to costs. Case-Laws Income Tax Wed, 21 Sep 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49511