https://www.taxtmi.com/caselaws?id=64746 The Tribunal upheld the penalties imposed under section 271(1)(a) of the Income Tax Act for the assessment years 1982-83 and 1983-84, despite the assessee's argument that no penalty should apply due to excess advance tax payments. The Tribunal relied on legal precedents and emphasized the importance of following jurisdictional High Court rulings and statutory provisions, ultimately affirming the penalties imposed by the learned AAC based on the legal reasoning and precedents presented. en-us Tue, 21 Feb 1989 00:00:00 +0530 Wed, 09 Feb 2011 16:06:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64746 The Tribunal upheld the penalties imposed under section 271(1)(a) of the Income Tax Act for the assessment years 1982-83 and 1983-84, despite the assessee's argument that no penalty should apply due to excess advance tax payments. The Tribunal relied on legal precedents and emphasized the importance of following jurisdictional High Court rulings and statutory provisions, ultimately affirming the penalties imposed by the learned AAC based on the legal reasoning and precedents presented. Case-Laws Income Tax Tue, 21 Feb 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64746