https://www.taxtmi.com/caselaws?id=70613 The ITAT set aside the penalty imposed by the ITO under s. 273(a) of the IT Act for under-estimate of advance tax, finding the assessee had acted in compliance with the law. The penalty initially set at Rs. 2,584 was reduced to Rs. 460 by the CIT(A). en-us Wed, 29 Aug 1984 00:00:00 +0530 Mon, 18 Apr 2011 11:28:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70613 The ITAT set aside the penalty imposed by the ITO under s. 273(a) of the IT Act for under-estimate of advance tax, finding the assessee had acted in compliance with the law. The penalty initially set at Rs. 2,584 was reduced to Rs. 460 by the CIT(A). Case-Laws Income Tax Wed, 29 Aug 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70613