https://www.taxtmi.com/caselaws?id=57711 Penalty under section 273(c) remained sustainable where the assessee failed to produce conclusive evidence that the advance-tax estimate had been filed; mere possession of an acknowledgement not showing the relevant year was not sufficient proof of compliance under section 212(3A). On that basis, the confirmation of penalty could not be disturbed. However, the alternative plea for reduction was examined on the facts, and the penalty was ultimately restricted to the minimum, giving the assessee partial relief. en-us Wed, 14 Sep 1983 00:00:00 +0530 Mon, 13 Dec 2010 11:15:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57711 Penalty under section 273(c) remained sustainable where the assessee failed to produce conclusive evidence that the advance-tax estimate had been filed; mere possession of an acknowledgement not showing the relevant year was not sufficient proof of compliance under section 212(3A). On that basis, the confirmation of penalty could not be disturbed. However, the alternative plea for reduction was examined on the facts, and the penalty was ultimately restricted to the minimum, giving the assessee partial relief. Case-Laws Income Tax Wed, 14 Sep 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57711