https://www.taxtmi.com/caselaws?id=63735 The Tribunal set aside penalties imposed under sections 271(1)(c) and 273(a) of the IT Act for the assessment year 1979-80. The penalties were related to the assessee's minor sons' income from partnership firms not being included in the assessee's return of income and non-payment of advance tax. The Tribunal held that penalties could not be sustained as the inclusion of minors' income was set aside, rendering the penalties invalid. The Tribunal canceled the penalties and allowed the appeals, suggesting the Assessing Officer to take appropriate action if permissible by law, without prejudicing any future proceedings. en-us Tue, 14 Feb 1989 00:00:00 +0530 Tue, 01 Feb 2011 15:46:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63735 The Tribunal set aside penalties imposed under sections 271(1)(c) and 273(a) of the IT Act for the assessment year 1979-80. The penalties were related to the assessee's minor sons' income from partnership firms not being included in the assessee's return of income and non-payment of advance tax. The Tribunal held that penalties could not be sustained as the inclusion of minors' income was set aside, rendering the penalties invalid. The Tribunal canceled the penalties and allowed the appeals, suggesting the Assessing Officer to take appropriate action if permissible by law, without prejudicing any future proceedings. Case-Laws Income Tax Tue, 14 Feb 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63735