{"id":4376,"date":"2019-03-12T11:09:16","date_gmt":"2019-03-12T11:09:16","guid":{"rendered":"http:\/\/itatonline.org\/digest\/balraj-prakashchand-bansal-v-dy-cit-2018-64-itr-62-sn-mum-trib\/"},"modified":"2019-03-12T11:09:16","modified_gmt":"2019-03-12T11:09:16","slug":"balraj-prakashchand-bansal-v-dy-cit-2018-64-itr-62-sn-mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/balraj-prakashchand-bansal-v-dy-cit-2018-64-itr-62-sn-mum-trib\/","title":{"rendered":"Balraj Prakashchand Bansal v. Dy. CIT (2018) 64 ITR 62 (SN) (Mum.)(Trib.)"},"content":{"rendered":"<p>The Legislature did not envisage that consequent to the amendment, the default in payment of self-assessment tax would hitherto be covered by the scope of s. 221(1). S.221\u00a0remains unchanged, both during the pre and post amended s. 140A(3)\u00a0and even in the pre-amended situation, penalty u\/s. 221\u00a0was not attracted for default in payment of self-assessment tax. Thus, without there being any requisite corresponding amendment to S. 221 in consonance with the amendments carried out in S.140A(3)\u00a0with effect from April 1, 1989, the Department cannot impose penalty u\/s. 140A(3)\u00a0read with S..221(1) of the Act. (AY. 2012-13)\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 221 : Penalty\u2014Failure to pay self-assessment tax\u2014amendment prescribing mandatory charge of interest\u2014Amendment does not envisage penalty for non-payment of self-assessment tax.  [S.140A(3), 221(1)]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4376","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-18A","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4376","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=4376"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4376\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=4376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=4376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=4376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}