1981 (6) TMI 100

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....80 sustaining the penalty of Rs. 3,000 levied by the ITO under s. 273(c) of the IT Act, 1961. The appeal relates to the asst. yr. 1975-76, for which the accounting year ended on 31st March, 1975. The ITO had raised advance tax demand on the assessee of Rs. 15,000 under s. 210. As a result of assessment for 1975-76 determining the total income at Rs. 2,37,150 he found that the assessee had not file....

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....led an estimate required under s. 212(3)(A) and for that reason confirmed the penalty imposed by the ITO. Hence the second appeal before the Tribunal. 3. At the time of hearing the ld. counsel for the assessee submitted that the assessee had actually filed the estimate of advance tax in form No. 29 on 14th March, 1975, which is evidenced by the entry in the local delivery book maintained by the....