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1 - 4 of 4 (0.17 seconds)Patel Aluminium Pvt. Ltd. vs Miss K.M. Tawadia, Income-Tax Officer ... on 12 December, 1985
10. The CIT (Appeals) has referred to the provisions of sub-section (3) of section 7A to come to the conclusion that he did in cancelling the penalty for the first three assessment years as accord to him the first regular assessment and the first provisional assessment had been made on a date which came after the stipulated date for making the payment of the last instalment of advance surtax. Sub-section (5), clause (b) no doubt speaks of a company which has not previously been assessed by way of regular assessment under the Act and which is required to file an estimate of current chargeable amount and the advance surtax payable by it but calculated in the manner laid down in sub-section (3).
Section 7 in The Companies (Profits) Surtax Act, 1964 [Entire Act]
The Companies (Profits) Surtax Act, 1964
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