https://www.taxtmi.com/caselaws?id=11743 The High Court of Madras considered a case involving penalty proceedings under section 271(1)(a) of the Income-tax Act, 1961 against partners of penalized firms for delayed filing of returns. The court upheld the Income-tax Appellate Tribunal's decision to cancel the penalty on the partners, ruling that penalizing partners for the same offense as the penalized firms would be unjust. The court found that the partners had no independent income apart from their share income from the firms and lacked evidence attributing delays to them. Consequently, the court ruled in favor of the partners, canceling the penalty imposed on them. en-us Tue, 26 Nov 2002 00:00:00 +0530 Sun, 07 Feb 2010 12:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11743 The High Court of Madras considered a case involving penalty proceedings under section 271(1)(a) of the Income-tax Act, 1961 against partners of penalized firms for delayed filing of returns. The court upheld the Income-tax Appellate Tribunal's decision to cancel the penalty on the partners, ruling that penalizing partners for the same offense as the penalized firms would be unjust. The court found that the partners had no independent income apart from their share income from the firms and lacked evidence attributing delays to them. Consequently, the court ruled in favor of the partners, canceling the penalty imposed on them. Case-Laws Income Tax Tue, 26 Nov 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11743