1. Search Case laws by Section / Act / Rule — now available beyond Income Tax. GST and Other Laws Available
2. New: “In Favour Of” filter added in Case Laws.
Try both these filters in Case Laws →
TaxTMI Login
🚀 New: Section-Wise Filter ✕
Just a moment...
1. Search Case laws by Section / Act / Rule — now available beyond Income Tax. GST and Other Laws Available
2. New: “In Favour Of” filter added in Case Laws.
Try both these filters in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
---------------- For section wise search only -----------------
Accuracy Level ~ 90%
of 
Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Case Laws
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of Press 'Enter' after typing page number.
<h1>High Court upholds Tribunal decision deleting penalty under Income-tax Act, citing assessee's financial inability as valid reason.</h1> The High Court of Bombay ruled in favor of the assessee, upholding the Tribunal's decision to delete the penalty under section 221(1) of the Income-tax ... Advance Tax, Penalty The High Court of Bombay ruled in favor of the assessee, stating that the Tribunal did not err in law in deleting the penalty of Rs. 1,000 under section 221(1) of the Income-tax Act, 1961. The Tribunal found that the assessee was unable to pay advance tax due to financial inability, which was considered a valid reason. The question was answered in the negative, favoring the assessee. No costs were awarded.
TaxTMI 
TaxTMI 
