Recovery of tax u/s 140A of the Income-tax Act, 1961.

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....rovides that if any assessee fails to pay the tax on the basis of his return of income in the manner provided in sub-section (1), the Income-tax Officer may direct that a sum equal to 2% of such tax or part thereof, as the case may be, shall be recovered from him by way of penalty for every month during which the default continues. 2. A question arose as to whether penalty under sub-section (3)....