https://www.taxtmi.com/caselaws?id=58895 The Tribunal ruled in favor of the assessee for the assessment year 1986-87, holding that the obligation to file advance-tax statements was based on previous assessments and income computations. However, for the assessment year 1987-88, the Tribunal dismissed the appeal, confirming penalties for failure to file the required estimate despite taxable income. The decision was based on the assessee's compliance with advance-tax requirements and the timing of previous assessments. en-us Mon, 26 Nov 1990 00:00:00 +0530 Wed, 22 Dec 2010 16:43:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58895 The Tribunal ruled in favor of the assessee for the assessment year 1986-87, holding that the obligation to file advance-tax statements was based on previous assessments and income computations. However, for the assessment year 1987-88, the Tribunal dismissed the appeal, confirming penalties for failure to file the required estimate despite taxable income. The decision was based on the assessee's compliance with advance-tax requirements and the timing of previous assessments. Case-Laws Income Tax Mon, 26 Nov 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58895