https://www.taxtmi.com/caselaws?id=55824 The ITAT allowed the appeal, ruling that the penalty imposed under section 221 of the IT Act, 1961 for non-payment of advance tax was unjustified. The ITAT found that the assessee had genuine reasons for the delay in payment, had eventually paid the advance tax, and had not acted in deliberate defiance of the law. The order of the lower authorities upholding the penalty was quashed, and the ITAT directed a refund if the penalty was paid, emphasizing that penalties should not be imposed without evidence of deliberate defiance or contumacious conduct. en-us Fri, 06 Jul 1979 00:00:00 +0530 Tue, 30 Nov 2010 13:00:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55824 The ITAT allowed the appeal, ruling that the penalty imposed under section 221 of the IT Act, 1961 for non-payment of advance tax was unjustified. The ITAT found that the assessee had genuine reasons for the delay in payment, had eventually paid the advance tax, and had not acted in deliberate defiance of the law. The order of the lower authorities upholding the penalty was quashed, and the ITAT directed a refund if the penalty was paid, emphasizing that penalties should not be imposed without evidence of deliberate defiance or contumacious conduct. Case-Laws Income Tax Fri, 06 Jul 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55824