https://www.taxtmi.com/caselaws?id=28610 The Tribunal upheld the cancellation of penalty imposed on an HUF under section 271(1)(c) of the Income-tax Act, reasoning that the HUF had ceased to exist before the penalty order. Section 171(8) explicitly applies to the levy and collection of penalties in such cases. The Department's belated invocation of section 171(8) in an application under sections 256(1) and 256(2) was deemed acceptable by the Court, awarding costs to the Revenue. en-us Fri, 03 Sep 1982 00:00:00 +0530 Wed, 24 Feb 2010 11:15:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28610 The Tribunal upheld the cancellation of penalty imposed on an HUF under section 271(1)(c) of the Income-tax Act, reasoning that the HUF had ceased to exist before the penalty order. Section 171(8) explicitly applies to the levy and collection of penalties in such cases. The Department's belated invocation of section 171(8) in an application under sections 256(1) and 256(2) was deemed acceptable by the Court, awarding costs to the Revenue. Case-Laws Income Tax Fri, 03 Sep 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28610