https://www.taxtmi.com/caselaws?id=39839 Penalty proceedings for furnishing an untrue advance-tax estimate were treated as penal and quasi-criminal in character, so the provision was read in pari materia with the penalty rule for concealment or inaccurate particulars. On that basis, the department had to establish from material on record that the estimate was knowingly untrue or was believed to be untrue by the assessee. The text states that, on the facts, the department did not discharge that burden, and the petition failed. en-us Wed, 17 Oct 1973 00:00:00 +0530 Tue, 20 Apr 2010 16:10:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39839 Penalty proceedings for furnishing an untrue advance-tax estimate were treated as penal and quasi-criminal in character, so the provision was read in pari materia with the penalty rule for concealment or inaccurate particulars. On that basis, the department had to establish from material on record that the estimate was knowingly untrue or was believed to be untrue by the assessee. The text states that, on the facts, the department did not discharge that burden, and the petition failed. Case-Laws Income Tax Wed, 17 Oct 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39839