https://www.taxtmi.com/caselaws?id=11595 The court upheld the deletion of the penalty imposed under section 273(1)(b) of the Income-tax Act for the assessment year 1988-89. The appellate authority and Tribunal found no wilful default by the assessee in failing to submit an estimate of advance tax under Form No. 29. The court dismissed the Department's appeal, emphasizing that the assessee was deprived of the opportunity to present their case before the ex parte order was passed. Citing precedent, the court concluded that differences between estimated and reported income do not necessarily indicate wilful default, leading to the affirmation of the penalty deletion. en-us Tue, 16 Sep 2003 00:00:00 +0530 Sun, 31 Jan 2010 11:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11595 The court upheld the deletion of the penalty imposed under section 273(1)(b) of the Income-tax Act for the assessment year 1988-89. The appellate authority and Tribunal found no wilful default by the assessee in failing to submit an estimate of advance tax under Form No. 29. The court dismissed the Department's appeal, emphasizing that the assessee was deprived of the opportunity to present their case before the ex parte order was passed. Citing precedent, the court concluded that differences between estimated and reported income do not necessarily indicate wilful default, leading to the affirmation of the penalty deletion. Case-Laws Income Tax Tue, 16 Sep 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11595