Orissa Court August 1972 Judgments

Commissioner of Income-tax Vs. Venilal Dwarkadas Mehta

Court: Orissa

Reported in: [1974]93ITR140(Orissa)

R.N. Misra, J. 1. This is a reference made by the Income-tax Appellate Tribunal under Section 256(1) of the Income-tax Act of 1961 (hereinafter referred to as 'the Act'), of the following question at the instance of the revenue: 'Whether, on the facts and circumstances of the case, the penalty imposed by the Income-tax Officer on the assessee under Section 221(1) of the Act was validly imposed ?' 2. The assessee was served with notices of demand for four assessment years, being assessment years 1962-63 to 1965-66, demanding the amounts specified in the respective demand notices on December 7, 1965. The total demand for these four years was Rs. 17,680. The assessee received the demands on the same day, but omitted to satisfy the demands within 35 days of the service of the demand notices. He also did not ask for any extension of time. He filed appeals against the demands, but did not apply to the Income-tax Officer for stay of collection of the demands. A notice was issued on Februarys,...