1980 (4) TMI 158 - AT - Income Tax

Summary

The appeal was filed by the assessee against the penalty of Rs. 1,600 under s. 273(c) of the IT Act. The ITAT Indore canceled the penalty as there was a reasonable cause for not filing an estimate of advance tax under s. 212(3A) due to a misapprehension. The appeal was allowed. (Case: Appellate Tribunal ITAT Indore, Citation: 1980 (4) TMI 158 - ITAT Indore)