https://www.taxtmi.com/caselaws?id=60740 Penalty for non-payment of an advance-tax instalment under section 221 of the Income-tax Act, 1961 was treated as a technical default rather than a grave breach. The assessee remained in technical default despite pending rectification proceedings and the possibility that little or no advance tax was ultimately payable, but the surrounding facts showed no serious arrears and the receipt of refunds. In penalty matters, a mere venial breach may justify a lesser punitive response where the ends of justice are met by a reduced amount. The penalty was therefore not sustained in full and was reduced to a nominal sum, granting only limited relief. en-us Tue, 10 Nov 1981 00:00:00 +0530 Fri, 07 Jan 2011 18:26:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60740 Penalty for non-payment of an advance-tax instalment under section 221 of the Income-tax Act, 1961 was treated as a technical default rather than a grave breach. The assessee remained in technical default despite pending rectification proceedings and the possibility that little or no advance tax was ultimately payable, but the surrounding facts showed no serious arrears and the receipt of refunds. In penalty matters, a mere venial breach may justify a lesser punitive response where the ends of justice are met by a reduced amount. The penalty was therefore not sustained in full and was reduced to a nominal sum, granting only limited relief. Case-Laws Income Tax Tue, 10 Nov 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60740