https://www.taxtmi.com/caselaws?id=26700 The High Court upheld the imposition of a penalty under section 273(b) of the Income-tax Act for the failure to file estimates, emphasizing that the penalty is attracted not only for non-filing of estimates but also for failure to pay advance tax. The Court disagreed with the Tribunal's decision to set aside the Appellate Assistant Commissioner's order and ruled in favor of the assessee, directing each party to bear their own costs. en-us Thu, 01 Mar 1984 00:00:00 +0530 Sat, 06 Feb 2010 18:32:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26700 The High Court upheld the imposition of a penalty under section 273(b) of the Income-tax Act for the failure to file estimates, emphasizing that the penalty is attracted not only for non-filing of estimates but also for failure to pay advance tax. The Court disagreed with the Tribunal's decision to set aside the Appellate Assistant Commissioner's order and ruled in favor of the assessee, directing each party to bear their own costs. Case-Laws Income Tax Thu, 01 Mar 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26700