1983 (9) TMI 113

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.... the ITO u/s 273(c) of the IT Act. The case had originally come up before the Tribunal. It was contended before the Tribunal that as the assessee had filed an estimate of advance-tax on 15th March, 1976 he was not liable for penalty u/s 273(c). The Tribunal remitted the matter back to the AAC for verification of the assessee's assertion. The Tribunal had also remarked that mere possession of ackno....