https://www.taxtmi.com/caselaws?id=60352 The Tribunal upheld the validity of the notice under section 210 and affirmed the obligation for the assessee to file an estimate under section 212(3A). The claim of a bona fide belief by the assessee was not considered a reasonable cause for failing to file the estimate. As a result, the penalty imposed by the ITO under section 273(c) was upheld, reversing the Commissioner (Appeals) decision. The revenue's appeal was allowed. en-us Wed, 16 Apr 1986 00:00:00 +0530 Tue, 04 Jan 2011 17:45:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60352 The Tribunal upheld the validity of the notice under section 210 and affirmed the obligation for the assessee to file an estimate under section 212(3A). The claim of a bona fide belief by the assessee was not considered a reasonable cause for failing to file the estimate. As a result, the penalty imposed by the ITO under section 273(c) was upheld, reversing the Commissioner (Appeals) decision. The revenue's appeal was allowed. Case-Laws Income Tax Wed, 16 Apr 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60352