https://www.taxtmi.com/caselaws?id=67523 The Tribunal dismissed the appeal and upheld the cancellation of the penalty imposed on the assessee for failure to pay advance tax. It was found that the assessee had filed the estimate of advance tax on time, making section 273(2)(b) inapplicable. The Tribunal emphasized that non-payment of advance tax falls under section 273(2)(a) and requires proof of willful default, which was not established by the Assessing Officer. Despite procedural errors, the penalty was deemed unjustified, and the appeal was dismissed. en-us Wed, 08 Mar 1995 00:00:00 +0530 Fri, 11 Mar 2011 11:01:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67523 The Tribunal dismissed the appeal and upheld the cancellation of the penalty imposed on the assessee for failure to pay advance tax. It was found that the assessee had filed the estimate of advance tax on time, making section 273(2)(b) inapplicable. The Tribunal emphasized that non-payment of advance tax falls under section 273(2)(a) and requires proof of willful default, which was not established by the Assessing Officer. Despite procedural errors, the penalty was deemed unjustified, and the appeal was dismissed. Case-Laws Income Tax Wed, 08 Mar 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67523