https://www.taxtmi.com/caselaws?id=59978 The Appellate Tribunal partly allowed the appeal, setting aside the CIT(A)'s order and restoring the Income Tax Officer's penalty decision under section 140A(3) of the IT Act for non-payment of advance tax. The Tribunal emphasized the significance of timely tax payments and adherence to legal provisions, reinstating the penalty due to the significant funds deprived from the state Exchequer by the non-payment of advance tax. en-us Fri, 14 Jan 1983 00:00:00 +0530 Mon, 03 Jan 2011 11:32:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59978 The Appellate Tribunal partly allowed the appeal, setting aside the CIT(A)'s order and restoring the Income Tax Officer's penalty decision under section 140A(3) of the IT Act for non-payment of advance tax. The Tribunal emphasized the significance of timely tax payments and adherence to legal provisions, reinstating the penalty due to the significant funds deprived from the state Exchequer by the non-payment of advance tax. Case-Laws Income Tax Fri, 14 Jan 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59978