1991 (10) TMI 4

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....POORNAN J.--The respondents in Original Petition No. 573 of 1989 (Revenue) (see [1991] 190 ITR 385) are the appellants in the appeal. The petitioner in the original petition is the respondent herein. The respondent-company is an assessee under the Kerala Agricultural Income-tax Act. The prayer in the original petition was to quash exhibit P-4 order as confirmed in exhibit P-6. Exhibit P-4 is an or....

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....alty under section 17A(3) of the Act is leviable. Section 17A(3) of the Act is as follows : " If any person fails to pay the tax or any part thereof in accordance with the provisions of sub-section (1), the assessing authority may direct that a sum equal to two per cent. 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 t....