https://www.taxtmi.com/caselaws?id=57107 The Appellate Tribunal ITAT Amritsar upheld the Appellate Assistant Commissioner's decision to cancel the penalty imposed under section 273(c) of the IT Act for the assessment year 1974-75. The Tribunal found that the firm's failure to file the income estimate constituted a reasonable cause for the partner's non-compliance, leading to the dismissal of the Revenue's appeal and the affirmation of the penalty cancellation. en-us Fri, 09 Mar 1979 00:00:00 +0530 Wed, 08 Dec 2010 14:53:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57107 The Appellate Tribunal ITAT Amritsar upheld the Appellate Assistant Commissioner's decision to cancel the penalty imposed under section 273(c) of the IT Act for the assessment year 1974-75. The Tribunal found that the firm's failure to file the income estimate constituted a reasonable cause for the partner's non-compliance, leading to the dismissal of the Revenue's appeal and the affirmation of the penalty cancellation. Case-Laws Income Tax Fri, 09 Mar 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57107