Failure to report partnership income triggers penalty liability and requires officers to review prior assessments before completion.

Failure to disclose a partner's share of firm income in the partner's return attracts penal liability under section 271(1)(c). Assessing officers should consult prior years' assessment records and orders to detect recurring share income and avoid omissions; where such non disclosure is noticed, penalty proceedings under section 271(1)(c) should be initiated.

---

---

---