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of <h1>Cine artist's penalty under s. 273(a) Act cancelled on appeal due to permissible estimate filing</h1> The penalty under s. 273(a) of the Act, reduced by the AAC from Rs. 5,000 to Rs. 681, was cancelled on appeal for the cine artist assessee as the estimate ... - The appeal was against the levy of penalty under s. 273(a) of the Act, reduced by the AAC from Rs. 5,000 to Rs. 681. The assessee, a cine artist, filed an estimate in January 1971 showing income of Rs. 46,000. The AAC accepted the assessee's claim, stating no penalty is exigible as the estimate was within permissible limits. The penalty of Rs. 681 imposed by the AAC was cancelled on appeal.
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