https://www.taxtmi.com/caselaws?id=60164 The Tribunal set aside the penalty imposed under section 273(c) of the Income Tax Act, 1961 on a limited company for failure to file an estimate under section 212(3) for the assessment year 1972-73. Despite the penalty being levied, the appellant was not afforded an opportunity to present its case, rendering the penalty order illegal. The Tribunal emphasized the necessity of a fair hearing before imposing penalties and directed the Income Tax Officer to refund the penalty amount if already collected. en-us Fri, 16 Nov 1979 00:00:00 +0530 Tue, 04 Jan 2011 11:07:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60164 The Tribunal set aside the penalty imposed under section 273(c) of the Income Tax Act, 1961 on a limited company for failure to file an estimate under section 212(3) for the assessment year 1972-73. Despite the penalty being levied, the appellant was not afforded an opportunity to present its case, rendering the penalty order illegal. The Tribunal emphasized the necessity of a fair hearing before imposing penalties and directed the Income Tax Officer to refund the penalty amount if already collected. Case-Laws Income Tax Fri, 16 Nov 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60164