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    <title>Penalty proceedings levy of penalty u/s 271(1)(a) in cases of partners of firms.</title>
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      <description>Assessing officers must, insofar as practicable, adopt the correct share income from a firm&#039;s completed assessment before finalising penalty proceedings against partners; large firm assessments should be expedited and particulars of partner shares communicated promptly to prevent premature penalty levies that may cause revenue loss and adverse audit criticism.</description>
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