PRINCIPAL COMMISSIONER OF INCOME TAX RAJBAGH SRINAGAR vs. M/S GRAVITA METAL INC INDUSTRIAL ESTATE KATHUIA J AND K

Bench: HON'BLE THE CHIEF JUSTICE,HON'BLE MR. JUSTICE MA CHOWDHARY

reassessment, collection and enforcement of tax and penalty by a dealer under the Act.” 15. It is, thus, trite that penalty, being a liability and a sort of additional tax, requires constitutional mandate for its imposition. Article 265 of the Constitution of India provides that no tax shall be levied or collected, except by authority of law. It is, thus