https://www.taxtmi.com/caselaws?id=9803 The High Court of MADRAS upheld the decision of the Appellate Tribunal to cancel penalties under section 271(1)(a) of the Income-tax Act for partners of firms due to delayed filing of income tax returns. The court ruled in favor of the assessee, emphasizing that penalizing partners without independent income and specific details of share income would be unjust. The court considered each case individually and concluded that penalizing the assessee, who derived income solely from the firms and was not involved in the delay, was unwarranted. en-us Wed, 08 Feb 2006 00:00:00 +0530 Wed, 01 Jul 2009 11:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9803 The High Court of MADRAS upheld the decision of the Appellate Tribunal to cancel penalties under section 271(1)(a) of the Income-tax Act for partners of firms due to delayed filing of income tax returns. The court ruled in favor of the assessee, emphasizing that penalizing partners without independent income and specific details of share income would be unjust. The court considered each case individually and concluded that penalizing the assessee, who derived income solely from the firms and was not involved in the delay, was unwarranted. Case-Laws Income Tax Wed, 08 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9803