Penalty on tax payers who fail to make Compulsory Deposits.

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Full Text of the Document

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....the Commissioners of Income-tax desired to know the head of Account under which such penalty should be credited. They also sought clarification as to whether any separate challan should be used for this purpose. The matter was referred to the Department of Economic Affairs. That Department has decided, in consultation with the C&AG, that for adjustment of penalties imposed under the Compulsory Dep....