Supreme Court · 2000 INSC 525 · Decided 14 November 2000
M/S Consolidated Coffee LTD. ETC. v. The Agricultural Income Tax Officer, Madikeri and ORS.
- Court
- Supreme Court of India
- Citation
- 2000 INSC 525 · [2000] SUPP. 4 S.C.R. 608
- Case number
- CIVIL APPEAL No. 98/2000
- Decided
- 14 November 2000
- Bench
- S.P. BHARUCHA, D.P. MOHAPATRA (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 41, 42
Headnote
Agricultural Income Tax: Karnataka Agricultural Income Tax Act, 1957-Sections 41 and 42- levy of penalty during period of stay of recovery of tax-Whether assessee in default during the period and thus liable to penalty-Held, no. Appellant-assessee filed appeals together with applications for stay Commissioner against assessments made by D Agricultural Income Tax Officer under the provisions of Karnataka Agricultural Income Tax Act, 1957. Commissioner stayed the recovery of the tax subject to the condition of payment of a stated amount and furnishing of a bank guarantee. The conditions
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