https://www.taxtmi.com/caselaws?id=61116 The Appellate Tribunal partially allowed the appeal, vacating the addition of Rs. 3,000 in the trading account and deleting the interest charged under section 217 of the Income Tax Act. The Tribunal found that the addition of Rs. 3,000 was unjustified as the charges were fixed and did not vary with profits. Additionally, the Tribunal held that the appellant was not obliged to file an estimate under section 212(3a) and therefore, the charging of interest under section 217 was not warranted. The appellant received relief of Rs. 3,000 in addition to the deletion of interest amounting to Rs. 1,734. en-us Sat, 31 May 1975 00:00:00 +0530 Mon, 10 Jan 2011 19:01:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61116 The Appellate Tribunal partially allowed the appeal, vacating the addition of Rs. 3,000 in the trading account and deleting the interest charged under section 217 of the Income Tax Act. The Tribunal found that the addition of Rs. 3,000 was unjustified as the charges were fixed and did not vary with profits. Additionally, the Tribunal held that the appellant was not obliged to file an estimate under section 212(3a) and therefore, the charging of interest under section 217 was not warranted. The appellant received relief of Rs. 3,000 in addition to the deletion of interest amounting to Rs. 1,734. Case-Laws Income Tax Sat, 31 May 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61116