https://www.taxtmi.com/caselaws?id=62436 The Tribunal allowed the appeal filed by the assessee against the penalty imposed by the ITO, emphasizing the invalidity of the penalty due to a defective notice and the presence of a reasonable cause for non-submission of the revised estimate under s. 212(3A) by the assessee. The delay in filing the appeal was condoned, and the penalty was deemed legally invalid and not imposed on the assessee. en-us Mon, 13 Feb 1978 00:00:00 +0530 Wed, 19 Jan 2011 18:12:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62436 The Tribunal allowed the appeal filed by the assessee against the penalty imposed by the ITO, emphasizing the invalidity of the penalty due to a defective notice and the presence of a reasonable cause for non-submission of the revised estimate under s. 212(3A) by the assessee. The delay in filing the appeal was condoned, and the penalty was deemed legally invalid and not imposed on the assessee. Case-Laws Income Tax Mon, 13 Feb 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62436