https://www.taxtmi.com/caselaws?id=67556 The Tribunal upheld the CIT (Appeals) decision to cancel penalties under section 271(1)(c) for the assessment year 1986-87. It emphasized the lack of evidence implicating the appellant in the firm's affairs and the legal position that penalties cannot be imposed on partners if already levied on the firm. The judgment stressed the necessity of reasonable cause and individual culpability in penalty proceedings, dismissing the revenue's appeals. en-us Wed, 14 Jun 2000 00:00:00 +0530 Fri, 11 Mar 2011 12:41:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67556 The Tribunal upheld the CIT (Appeals) decision to cancel penalties under section 271(1)(c) for the assessment year 1986-87. It emphasized the lack of evidence implicating the appellant in the firm's affairs and the legal position that penalties cannot be imposed on partners if already levied on the firm. The judgment stressed the necessity of reasonable cause and individual culpability in penalty proceedings, dismissing the revenue's appeals. Case-Laws Income Tax Wed, 14 Jun 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67556