Tag of assessee-in-default can’t be removed even if assessee makes payment of tax in reasonable time

IT : ITAT reduced penalty under section 221 as assessee had made payment of self-assessment tax within 5 months from the date of filing of return. However, denied to follow the decision in the case of DCIT v. Kamala Mills Ltd. (ITA No. 7775 to 7777/Mum/2004 dated 31.10.2007) in which it was held that assessee shouldn't be treated as assessee-in-default if he makes payment of tax in reasonable time. ITAT noticed that decision in the case of Kamala Mills (supra)was contrary to the express provisi