https://www.taxtmi.com/caselaws?id=68931 Penalty for failure to file an advance tax estimate was not leviable where the assessee could not ascertain her share income from a firm in time. The firm had filed its return late and its books were not closed until much later, so there was no material to show that the assessee could have reasonably anticipated her actual income for a proper estimate under section 212(3A). On that factual basis, the ingredients for penalty under section 273(c) were not established, and the penalty was cancelled by the ITAT Madras. en-us Thu, 15 Apr 1982 00:00:00 +0530 Mon, 04 Apr 2011 11:07:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68931 Penalty for failure to file an advance tax estimate was not leviable where the assessee could not ascertain her share income from a firm in time. The firm had filed its return late and its books were not closed until much later, so there was no material to show that the assessee could have reasonably anticipated her actual income for a proper estimate under section 212(3A). On that factual basis, the ingredients for penalty under section 273(c) were not established, and the penalty was cancelled by the ITAT Madras. Case-Laws Income Tax Thu, 15 Apr 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68931