https://www.taxtmi.com/caselaws?id=63116 Penalty under section 273(c) was not exigible where the assessee could not file a further advance-tax estimate under section 212(3A) because the relevant share income from firms was not ascertainable by the statutory date. The estimate furnished on 15 December 1975 was treated as within time by applying section 10 of the General Clauses Act, as the intervening days were closed holidays. On those facts, the assessee had reasonable cause for not furnishing another estimate, and the earlier estimate was accepted as a reasonable estimate in the circumstances. en-us Wed, 06 Jul 1983 00:00:00 +0530 Thu, 27 Jan 2011 18:39:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63116 Penalty under section 273(c) was not exigible where the assessee could not file a further advance-tax estimate under section 212(3A) because the relevant share income from firms was not ascertainable by the statutory date. The estimate furnished on 15 December 1975 was treated as within time by applying section 10 of the General Clauses Act, as the intervening days were closed holidays. On those facts, the assessee had reasonable cause for not furnishing another estimate, and the earlier estimate was accepted as a reasonable estimate in the circumstances. Case-Laws Income Tax Wed, 06 Jul 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63116