1985 (4) TMI 123

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..... submit an estimate under s. 212(3A) and has thus, committed a default under s. 273(c). He did not accept the explanation of the assessee. Thus, he levied a penalty of Rs. 3,300, which was upheld on appeal by the AAC. The ld. counsel for the assessee submitted that the tax deducted at source was Rs. 33,000 and on account of that the assessee was under a bona fide belief that no additional tax is r .....

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