https://www.taxtmi.com/caselaws?id=36311 The High Court ruled in favor of the assessee in a case concerning the interpretation of Section 210 of the Income Tax Act and the validity of a penalty under Section 273(a). The Court held that the amended notice based on regular assessment was invalid, and the penalty for furnishing an untrue estimate was unjustified as the tax amount demanded in the original notice had been paid. Emphasizing adherence to statutory provisions and avoiding complications for taxpayers, the Court dismissed the revenue's contentions and disposed of the reference with no costs. en-us Mon, 25 Aug 1980 00:00:00 +0530 Sat, 20 Mar 2010 14:55:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36311 The High Court ruled in favor of the assessee in a case concerning the interpretation of Section 210 of the Income Tax Act and the validity of a penalty under Section 273(a). The Court held that the amended notice based on regular assessment was invalid, and the penalty for furnishing an untrue estimate was unjustified as the tax amount demanded in the original notice had been paid. Emphasizing adherence to statutory provisions and avoiding complications for taxpayers, the Court dismissed the revenue's contentions and disposed of the reference with no costs. Case-Laws Income Tax Mon, 25 Aug 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36311