https://www.taxtmi.com/caselaws?id=8353 The High Court of Madhya Pradesh ruled that a penalty under section 271(1)(c) of the Income-tax Act for the assessment year 1962-63 could not be imposed on the assessee, who was a partner in a firm with minor sons benefiting from the partnership. The Court determined that the minor sons' income, included under section 64, did not constitute the assessee's income for penalty purposes under section 271(1)(c). Therefore, the penalty was deemed inapplicable, and the department was directed to cover the assessee's costs, including a hearing fee of Rs. 100. en-us Thu, 23 Dec 1971 00:00:00 +0530 Fri, 10 Apr 2009 16:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8353 The High Court of Madhya Pradesh ruled that a penalty under section 271(1)(c) of the Income-tax Act for the assessment year 1962-63 could not be imposed on the assessee, who was a partner in a firm with minor sons benefiting from the partnership. The Court determined that the minor sons' income, included under section 64, did not constitute the assessee's income for penalty purposes under section 271(1)(c). Therefore, the penalty was deemed inapplicable, and the department was directed to cover the assessee's costs, including a hearing fee of Rs. 100. Case-Laws Income Tax Thu, 23 Dec 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8353