1991 (10) TMI 4

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....he court was delivered by K. S. PARIPOORNAN 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 confirm....

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....filing the return after the due date, penalty 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 w....