https://www.taxtmi.com/caselaws?id=58367 The tribunal upheld the Commissioner (Appeals)'s decision to sustain the penalty under section 273(c) of the Income-tax Act for non-compliance with advance tax provisions. The appeal by the assessee was dismissed, confirming that the belated estimate filed after the deadline did not constitute compliance with section 212(3A) requirements. The tribunal emphasized that the penalty was rightly levied as the estimate was not considered valid, despite the assessee's arguments. The judgment clarified the significance of timely compliance with advance tax provisions in penalty proceedings. en-us Thu, 11 Feb 1982 00:00:00 +0530 Sat, 18 Dec 2010 16:47:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58367 The tribunal upheld the Commissioner (Appeals)'s decision to sustain the penalty under section 273(c) of the Income-tax Act for non-compliance with advance tax provisions. The appeal by the assessee was dismissed, confirming that the belated estimate filed after the deadline did not constitute compliance with section 212(3A) requirements. The tribunal emphasized that the penalty was rightly levied as the estimate was not considered valid, despite the assessee's arguments. The judgment clarified the significance of timely compliance with advance tax provisions in penalty proceedings. Case-Laws Income Tax Thu, 11 Feb 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58367