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<h1>Penalty for Non-Filing of Advance Tax Statement Overturned</h1> The appeal against a penalty for not filing an advance tax statement under section 273(1)(b) of the Act was allowed. The penalty was deleted as no advance ... Penalty The appeal was against a penalty under section 273(1)(b) of the Act for not filing advance tax statement. The assessee's appeal was allowed as no advance tax was payable, so penalty was deleted. The penalty sustained by the CIT(A) was not justified.