1976 (12) TMI 70

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....eposit advance tax of Rs. 71,182. This was on the basis of the last assessment effected against her. The tax so demanded was payable in three instalments, the first and second of which fell due on15th September, 1973and15th December, 1973respectively. There was no compliance. The assessee as well did not file any estimate of advance tax of her own. This she could have done upto15th September, 1973....

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.... 4. In appeal the Appellate Asstt. Commissioner reduced the same to Rs. 3,000. It appears that the assessee had relied upon an earlier circular of the Central Board of Direct Taxes, but the same was found to have been amended by Appellate subsequent Circular. He therefore felt that there was no escape for the assessee from penalty though it may be noted that the assessee had shown a co-operative a....

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....y loss. She had paid almost the entire tax dues by due dates. Thus, so far as the tax was deducted at source on the dividend incomes, there was little that she could do further. As regards her deposits totalling Rs. 21,834 u/s 210, they came in three instalments before the dates of September and December, 1973, and March, 1974. The assessee duly intimated this to the Income Tax Officer in her repl....