https://www.taxtmi.com/caselaws?id=29491 The Madras High Court quashed a penalty imposed under section 273(b) of the Income Tax Act, 1961 on a petitioner for failing to file an advance tax estimate on time. The court emphasized the importance of evaluating evidence and circumstances to determine if the default was without reasonable cause. It highlighted procedural due process requirements and the burden of proof on the Income Tax Officer. The court annulled the penalty of Rs. 7,675, citing the tax authorities' failure to properly assess the petitioner's explanation and adhere to substantive provisions. en-us Tue, 16 Mar 1982 00:00:00 +0530 Sat, 13 Mar 2010 12:44:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29491 The Madras High Court quashed a penalty imposed under section 273(b) of the Income Tax Act, 1961 on a petitioner for failing to file an advance tax estimate on time. The court emphasized the importance of evaluating evidence and circumstances to determine if the default was without reasonable cause. It highlighted procedural due process requirements and the burden of proof on the Income Tax Officer. The court annulled the penalty of Rs. 7,675, citing the tax authorities' failure to properly assess the petitioner's explanation and adhere to substantive provisions. Case-Laws Income Tax Tue, 16 Mar 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29491