https://www.taxtmi.com/caselaws?id=59868 The appeal was dismissed, and the penalty of Rs. 2,25,544 levied under section 273(2)(a) of the Income-tax Act, 1961, was upheld. The Tribunal found that the assessee's estimates of advance tax were unsubstantiated and not justified, and the penalty was deemed fully justified. en-us Thu, 26 Dec 1991 00:00:00 +0530 Sat, 01 Jan 2011 15:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59868 The appeal was dismissed, and the penalty of Rs. 2,25,544 levied under section 273(2)(a) of the Income-tax Act, 1961, was upheld. The Tribunal found that the assessee's estimates of advance tax were unsubstantiated and not justified, and the penalty was deemed fully justified. Case-Laws Income Tax Thu, 26 Dec 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59868