1966 (9) TMI 22 - HC - Income Tax

Summary

The High Court of Kerala allowed the appeal, setting aside the penalty order for non-payment of certain amounts covered by earlier penalty orders due to the distinction between tax and penalty under the Income-tax Act. The court upheld its previous decisions in similar cases and did not agree with the interpretation of the Allahabad High Court. No costs were awarded. (Case citation: 1966 (9) TMI 22 - KERALA High Court)