https://www.taxtmi.com/caselaws?id=66986 The case involved the imposition of a penalty on the assessee for failing to provide an estimate of advance tax as required by the Income Tax Act. The Income Tax Officer (ITO) imposed the penalty, but upon appeal, the Appellate Authority noted that the assessee had paid more tax than required, considering the non-filing of the estimate a technical default. The Appellate Tribunal emphasized the importance of timely tax payment and dismissed the appeal, stating that penalties should not be imposed for minor or technical breaches without reasonable cause. The penalty for non-filing of the estimate was not upheld, highlighting the significance of substantive compliance with tax obligations. en-us Thu, 30 Aug 1979 00:00:00 +0530 Tue, 08 Mar 2011 16:10:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66986 The case involved the imposition of a penalty on the assessee for failing to provide an estimate of advance tax as required by the Income Tax Act. The Income Tax Officer (ITO) imposed the penalty, but upon appeal, the Appellate Authority noted that the assessee had paid more tax than required, considering the non-filing of the estimate a technical default. The Appellate Tribunal emphasized the importance of timely tax payment and dismissed the appeal, stating that penalties should not be imposed for minor or technical breaches without reasonable cause. The penalty for non-filing of the estimate was not upheld, highlighting the significance of substantive compliance with tax obligations. Case-Laws Income Tax Thu, 30 Aug 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66986