https://www.taxtmi.com/circulars?id=10237 Where estate duty is reduced on appeal, a penalty originally imposed as a proportionate percentage of duty may be reduced correspondingly; in other cases rectification may reduce the penalty only to the maximum permissible amount calculated on the reduced duty and not below that amount, and any rectification must be made within the statutory time limit. en-us Thu, 22 Aug 1974 00:00:00 +0530 Mon, 13 Jun 2011 11:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10237 Where estate duty is reduced on appeal, a penalty originally imposed as a proportionate percentage of duty may be reduced correspondingly; in other cases rectification may reduce the penalty only to the maximum permissible amount calculated on the reduced duty and not below that amount, and any rectification must be made within the statutory time limit. Circulars Income Tax Thu, 22 Aug 1974 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10237