https://www.taxtmi.com/caselaws?id=69019 The ITAT canceled the penalties imposed under sec. 271(1)(c) for the assessment years 1979-80 and 1981-82 due to lack of evidence supporting the penalty amounts. For the assessment year 1980-81, the ITAT upheld a penalty under sec. 271(1)(c) but directed the Income-tax Officer to recompute the penalty amount. The penalty under sec. 273(2)(b) for the assessment year 1979-80 was also canceled by the ITAT, deeming it unjustified based on the lack of evidence showing deliberate failure to estimate advance tax. The appeals for the assessment years 1979-80, 1980-81 (partially), and 1981-82 were allowed. en-us Thu, 20 Jul 1989 00:00:00 +0530 Mon, 04 Apr 2011 15:33:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69019 The ITAT canceled the penalties imposed under sec. 271(1)(c) for the assessment years 1979-80 and 1981-82 due to lack of evidence supporting the penalty amounts. For the assessment year 1980-81, the ITAT upheld a penalty under sec. 271(1)(c) but directed the Income-tax Officer to recompute the penalty amount. The penalty under sec. 273(2)(b) for the assessment year 1979-80 was also canceled by the ITAT, deeming it unjustified based on the lack of evidence showing deliberate failure to estimate advance tax. The appeals for the assessment years 1979-80, 1980-81 (partially), and 1981-82 were allowed. Case-Laws Income Tax Thu, 20 Jul 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69019