https://www.taxtmi.com/caselaws?id=70597 The Tribunal ruled in favor of the assessee, overturning the penalty imposed for failure to pay advance-tax under section 273(1)(b) of the IT Act, 1961. The Tribunal found that since the total income did not exceed specified limits, there was no obligation for the assessee to file an advance-tax statement. Therefore, the penalty was deemed unjustified, and the orders imposing the penalty were set aside, directing its deletion. en-us Wed, 18 Jan 1984 00:00:00 +0530 Mon, 18 Apr 2011 11:06:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70597 The Tribunal ruled in favor of the assessee, overturning the penalty imposed for failure to pay advance-tax under section 273(1)(b) of the IT Act, 1961. The Tribunal found that since the total income did not exceed specified limits, there was no obligation for the assessee to file an advance-tax statement. Therefore, the penalty was deemed unjustified, and the orders imposing the penalty were set aside, directing its deletion. Case-Laws Income Tax Wed, 18 Jan 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70597