https://www.taxtmi.com/caselaws?id=16881 The Tribunal cancelled penalties imposed on partners-assessees of a firm for income from a grape garden, determining the concealment was by the firm, not the partners. It was established that the partners were in a partnership, not co-ownership. The penalties were cancelled after a review, as explanations provided were not rejected, suggesting legitimate earnings. The legal jurisdiction of the Inspecting Assistant Commissioner for penalty imposition was upheld. In cases of deceased assessees, the court directed the Income-tax Appellate Tribunal to involve legal heirs for recovery, aligning with past precedents. en-us Wed, 09 Oct 1996 00:00:00 +0530 Sat, 12 Sep 2009 17:18:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16881 The Tribunal cancelled penalties imposed on partners-assessees of a firm for income from a grape garden, determining the concealment was by the firm, not the partners. It was established that the partners were in a partnership, not co-ownership. The penalties were cancelled after a review, as explanations provided were not rejected, suggesting legitimate earnings. The legal jurisdiction of the Inspecting Assistant Commissioner for penalty imposition was upheld. In cases of deceased assessees, the court directed the Income-tax Appellate Tribunal to involve legal heirs for recovery, aligning with past precedents. Case-Laws Income Tax Wed, 09 Oct 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16881