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1981 (10) TMI 51 - AT - Income Tax

The ITAT Bombay-A upheld a penalty of Rs. 12,830 under section 273(b) against a private limited company for not filing an income estimate as required by section 212(3). However, the penalty was reduced after considering the advance tax payment of Rs. 87,000 made by the company. The appeal was partly allowed.

 

 

 

 

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