https://www.taxtmi.com/caselaws?id=35708 The High Court upheld the penalties imposed under section 271(1)(a) on the partners of a partnership firm, ruling against the assessees on all issues raised. The court emphasized the factual nature of determining reasonable cause for the delay in filing income tax returns and affirmed the legality of penalties even when interest was charged or when returns were filed within the allowed time. The court also held that penalties on partners were valid even if their sole income was from the firm, supporting its decision with precedent. en-us Tue, 02 May 1978 00:00:00 +0530 Tue, 16 Mar 2010 12:14:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35708 The High Court upheld the penalties imposed under section 271(1)(a) on the partners of a partnership firm, ruling against the assessees on all issues raised. The court emphasized the factual nature of determining reasonable cause for the delay in filing income tax returns and affirmed the legality of penalties even when interest was charged or when returns were filed within the allowed time. The court also held that penalties on partners were valid even if their sole income was from the firm, supporting its decision with precedent. Case-Laws Income Tax Tue, 02 May 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35708