https://www.taxtmi.com/caselaws?id=55605 The court upheld the imposition of a penalty by the ITO under clause (c) of section 273(2) of the Income-tax Act, 1961, on the assessee for failing to file an estimate of advance tax, despite paying a higher amount of advance tax. The court emphasized that the payment of advance tax does not excuse the obligation to file the estimate as required by law. The judgment found no reasonable cause for the default and dismissed the assessee's arguments regarding legislative changes. Consequently, the court vacated the Commissioner (Appeals) order and upheld the imposition of the minimum penalty by the ITO. en-us Fri, 23 Sep 1983 00:00:00 +0530 Mon, 29 Nov 2010 09:46:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55605 The court upheld the imposition of a penalty by the ITO under clause (c) of section 273(2) of the Income-tax Act, 1961, on the assessee for failing to file an estimate of advance tax, despite paying a higher amount of advance tax. The court emphasized that the payment of advance tax does not excuse the obligation to file the estimate as required by law. The judgment found no reasonable cause for the default and dismissed the assessee's arguments regarding legislative changes. Consequently, the court vacated the Commissioner (Appeals) order and upheld the imposition of the minimum penalty by the ITO. Case-Laws Income Tax Fri, 23 Sep 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55605