https://www.taxtmi.com/caselaws?id=20028 The Income-tax Appellate Tribunal canceled the penalty under section 273(a) for the assessment year 1975-76. The Tribunal held that as the assessee had already been assessed, there was no obligation to file an estimate of advance tax. Relying on the interpretation of section 212(3) of the Income-tax Act and the decision in CIT v. N. D. Georgopoules [1980] 125 ITR 630, the Tribunal concluded that the estimate filed by the assessee was not valid, and therefore, the penalty under section 273(a) was not applicable in this case. en-us Fri, 08 Oct 1993 00:00:00 +0530 Wed, 11 Nov 2009 12:00:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20028 The Income-tax Appellate Tribunal canceled the penalty under section 273(a) for the assessment year 1975-76. The Tribunal held that as the assessee had already been assessed, there was no obligation to file an estimate of advance tax. Relying on the interpretation of section 212(3) of the Income-tax Act and the decision in CIT v. N. D. Georgopoules [1980] 125 ITR 630, the Tribunal concluded that the estimate filed by the assessee was not valid, and therefore, the penalty under section 273(a) was not applicable in this case. Case-Laws Income Tax Fri, 08 Oct 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20028