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<h1>Partnership Firm Convicted Under Income-tax Act, 1961: Legal Precedent Set</h1> <h3>Income-Tax Officer Versus Anil Kumar</h3> Income-Tax Officer Versus Anil Kumar - [1992] 196 ITR 638 The High Court set aside the appeal and convicted Anil Kumar of M/s. Ashok Steel Trading Corporation under section 276B of the Income-tax Act, 1961, imposing a fine of Rs. 12,000. The court held that a partnership concern can be prosecuted and punished under the Act. The judgment of the Additional Sessions Judge was overturned.