https://www.taxtmi.com/caselaws?id=34551 The Allahabad High Court, in an appeal under section 260A of the Income Tax Act, 1961, addressed the penalty imposed under section 273(2)(aa) regarding the exclusion of sales tax liability from advance tax estimation. The court upheld the cancellation of the penalty, emphasizing the appellant's genuine belief and reliance on relevant judgments, ultimately dismissing the appeal due to the Tribunal's appropriate decision supported by evidence. en-us Wed, 02 Sep 2009 00:00:00 +0530 Thu, 15 Mar 2012 16:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34551 The Allahabad High Court, in an appeal under section 260A of the Income Tax Act, 1961, addressed the penalty imposed under section 273(2)(aa) regarding the exclusion of sales tax liability from advance tax estimation. The court upheld the cancellation of the penalty, emphasizing the appellant's genuine belief and reliance on relevant judgments, ultimately dismissing the appeal due to the Tribunal's appropriate decision supported by evidence. Case-Laws Income Tax Wed, 02 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34551