https://www.taxtmi.com/caselaws?id=28959 A partner whose income was entirely derived from a firm was held to have a reasonable excuse for not filing an estimate of income under Section 212(3A) when the firm itself had not ascertained its income by the relevant date. On that footing, the partner could not genuinely estimate her own income for compliance purposes, so the default attracted no penalty under Section 273(c). The firm's unresolved income position was treated as the operative basis excusing the partner's non-filing, and the penalty was therefore correctly cancelled. The Revenue's request for a reference was also declined. en-us Thu, 25 Nov 1982 00:00:00 +0530 Tue, 09 Mar 2010 10:45:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28959 A partner whose income was entirely derived from a firm was held to have a reasonable excuse for not filing an estimate of income under Section 212(3A) when the firm itself had not ascertained its income by the relevant date. On that footing, the partner could not genuinely estimate her own income for compliance purposes, so the default attracted no penalty under Section 273(c). The firm's unresolved income position was treated as the operative basis excusing the partner's non-filing, and the penalty was therefore correctly cancelled. The Revenue's request for a reference was also declined. Case-Laws Income Tax Thu, 25 Nov 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28959