https://www.taxtmi.com/caselaws?id=37468 The court upheld the imposition of penalties in favor of the department and against the assessee, regarding the application of amended provisions of section 275 for penalty proceedings and the justification of penalty under sections 271(1)(a) and 273(b) of the Income-tax Act, 1961. The court found the amended period of limitation applicable in this case, and ruled that the assessee failed to provide a sufficient explanation for the delay or non-filing of the estimate, leading to the imposition of penalties. The Commissioner was awarded costs amounting to Rs. 200. en-us Wed, 06 Dec 1978 00:00:00 +0530 Tue, 30 Mar 2010 10:26:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37468 The court upheld the imposition of penalties in favor of the department and against the assessee, regarding the application of amended provisions of section 275 for penalty proceedings and the justification of penalty under sections 271(1)(a) and 273(b) of the Income-tax Act, 1961. The court found the amended period of limitation applicable in this case, and ruled that the assessee failed to provide a sufficient explanation for the delay or non-filing of the estimate, leading to the imposition of penalties. The Commissioner was awarded costs amounting to Rs. 200. Case-Laws Income Tax Wed, 06 Dec 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37468