https://www.taxtmi.com/caselaws?id=8809 The court upheld the penalty imposed on the assessee under section 221(1) of the Income-tax Act for default in payment of advance tax, deeming the assessee to be in default for not filing an estimate under section 212. The court affirmed that the penalty was valid, answering the referred question affirmatively and directing the assessee to pay the costs of the reference to the Commissioner. en-us Fri, 11 Aug 1972 00:00:00 +0530 Thu, 04 Jun 2009 18:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8809 The court upheld the penalty imposed on the assessee under section 221(1) of the Income-tax Act for default in payment of advance tax, deeming the assessee to be in default for not filing an estimate under section 212. The court affirmed that the penalty was valid, answering the referred question affirmatively and directing the assessee to pay the costs of the reference to the Commissioner. Case-Laws Income Tax Fri, 11 Aug 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8809