https://www.taxtmi.com/caselaws?id=67681 The tribunal canceled the penalty of Rs. 680 imposed under section 273(a) of the IT Act for the alleged default in filing an estimate under section 212(3A) for the assessment year 1975-76. The tribunal found that the penalty order was defective as it was based on a charge different from the show cause notice, and there was no evidence to suggest that the assessee deliberately filed an untrue estimate. Additionally, the tribunal noted that even if the penalty was applicable, the tax paid exceeded the required amount, making the penalty unjustified. en-us Sat, 20 Aug 1977 00:00:00 +0530 Sat, 12 Mar 2011 13:23:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67681 The tribunal canceled the penalty of Rs. 680 imposed under section 273(a) of the IT Act for the alleged default in filing an estimate under section 212(3A) for the assessment year 1975-76. The tribunal found that the penalty order was defective as it was based on a charge different from the show cause notice, and there was no evidence to suggest that the assessee deliberately filed an untrue estimate. Additionally, the tribunal noted that even if the penalty was applicable, the tax paid exceeded the required amount, making the penalty unjustified. Case-Laws Income Tax Sat, 20 Aug 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67681