https://www.taxtmi.com/caselaws?id=27197 The Tribunal concluded that the firm was a non-resident for the assessment year 1958-59, as control and management were not exercised from India. Consequently, the assessments and penalty levied under section 271(1)(c) were canceled in favor of the assessee. The Tribunal's decision was based on evidence showing delegation of management powers to an agent in Malaya and the lack of control from India, aligning the penalty cancellation with the assessment outcome. en-us Mon, 28 Sep 1981 00:00:00 +0530 Thu, 11 Feb 2010 14:49:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27197 The Tribunal concluded that the firm was a non-resident for the assessment year 1958-59, as control and management were not exercised from India. Consequently, the assessments and penalty levied under section 271(1)(c) were canceled in favor of the assessee. The Tribunal's decision was based on evidence showing delegation of management powers to an agent in Malaya and the lack of control from India, aligning the penalty cancellation with the assessment outcome. Case-Laws Income Tax Mon, 28 Sep 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27197