Case Name : ITO vs. Lakshmi enterprises
Citation : [1990] 52 TAXMAN 450/185 ITR 595 (AP)
Court : Andhra Pradesh High Court
Section : 275A TO 280
Meaning : The word ‘liable’ used in the section gives a discretion to the court as regards imposition of fine.
The author has spent more than 30 years in the field of taxation. Wrote four books -3 on on Indian Tax Law and 1 on US tax law for cryptocurrency. Apart from https:taxworry.com , he also writes on https://irstaxapp.com which is for US tax laws. He is a tech enthusiast and manages a cloud computing company that publishes innovative software.
