https://www.taxtmi.com/caselaws?id=57140 Penalty under section 273(a) was not leviable where the assessee's nil estimate was filed against an uncertain income position arising from disputed and carry-forward relief under section 80J. The estimate could not be treated as knowingly untrue because the correct tax position depended on whether the relevant reliefs were allowable and carried forward, and the Revenue did not show that the assessed income, after those reliefs, would still justify penalty. On those facts, the nil estimate under section 212 was not false in the statutory sense required, and cancellation of the penalty was upheld. en-us Fri, 19 Dec 1980 00:00:00 +0530 Wed, 08 Dec 2010 15:56:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57140 Penalty under section 273(a) was not leviable where the assessee's nil estimate was filed against an uncertain income position arising from disputed and carry-forward relief under section 80J. The estimate could not be treated as knowingly untrue because the correct tax position depended on whether the relevant reliefs were allowable and carried forward, and the Revenue did not show that the assessed income, after those reliefs, would still justify penalty. On those facts, the nil estimate under section 212 was not false in the statutory sense required, and cancellation of the penalty was upheld. Case-Laws Income Tax Fri, 19 Dec 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57140