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TMI Blog1971 (9) TMI 47X X X X Extracts X X X X X X X X Extracts X X X X ..... o tax )had no obligation to file an estimate of its income under section 18A(3). - - - - - Dated:- 15-9-1971 - Judge(s) : C. S. P. SINGH., R. S. PATHAK. JUDGMENT The judgment of the court was delivered by PATHAK J.-The Income-tax Appellate Tribunal has referred the following question for the opinion of this court : " Whether, on the facts and in the circumstances of the case, the Tribu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of the Act of 1961 were not attracted, as no default under section 212(3) was contemplated in section 273. The Income-tax Officer, rejecting the plea of the assessee, imposed a penalty of Rs. 20,000. On appeal by the assessee, the Appellate Assistant Commissioner found that the assessee had been provisionally assessed to tax for the assessment year 1957-58 under section 23B of the Act of 1922, on ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e of the period which would be the previous year for an assessment for the financial year next following is likely to exceed the maximum amount not chargeable to tax in his case by two thousand five hundred rupees, must, before March 15, in each financial year, send to the Income-tax Officer an estimate of the tax payable by him on that part of his income to which section 18 does not apply and mus ..... X X X X Extracts X X X X X X X X Extracts X X X X
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