https://www.taxtmi.com/caselaws?id=22175 The High Court of Bombay held that the penalty should be determined by considering the total tax owed by the assessee, minus any advance tax already paid, citing the Explanation in section 271. en-us Mon, 11 Sep 1989 00:00:00 +0530 Mon, 07 Dec 2009 18:02:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22175 The High Court of Bombay held that the penalty should be determined by considering the total tax owed by the assessee, minus any advance tax already paid, citing the Explanation in section 271. Case-Laws Income Tax Mon, 11 Sep 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22175