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1985 (4) TMI 123 - ITAT JABALPURExtract: .......ficient and as such an estimate was not filed in a bona fide one. Thus, in our view, there was a reasonable cause for not filing an estimate, as required under s. 212(3A). The facts of the case do not jusify the levy of penalty under s. 273(c). Thus, we cancel the penalty of Rs. 3,300 levied under s. 273(c). 3. In the result, the appeal is allowed.
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