https://www.taxtmi.com/caselaws?id=63096 The tribunal allowed the appeal of a prominent advocate and Solicitor General of India against a penalty imposed by the ITO for non-compliance with advance-tax provisions. The tribunal vacated the penalty, finding that the ITO failed to specify the default for which the penalty was imposed under section 273, leading to a lack of clarity in the reasoning for the penalty. The tribunal agreed with the appellant's argument that none of the clauses of section 273 seemed to apply to the situation, ultimately resulting in the penalty being overturned. en-us Mon, 17 Mar 1980 00:00:00 +0530 Thu, 27 Jan 2011 17:54:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63096 The tribunal allowed the appeal of a prominent advocate and Solicitor General of India against a penalty imposed by the ITO for non-compliance with advance-tax provisions. The tribunal vacated the penalty, finding that the ITO failed to specify the default for which the penalty was imposed under section 273, leading to a lack of clarity in the reasoning for the penalty. The tribunal agreed with the appellant's argument that none of the clauses of section 273 seemed to apply to the situation, ultimately resulting in the penalty being overturned. Case-Laws Income Tax Mon, 17 Mar 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63096