https://www.taxtmi.com/caselaws?id=55301 The Tribunal allowed the appeals, canceling the penalties for both years. It held that the income from the property was not taxable in the assessee's hands under section 64(2) after the partial partition. The Tribunal found no mala fide intention on the part of the assessee and departed from prior legal precedents, concluding that no penalty was warranted in this case. en-us Fri, 11 Dec 1987 00:00:00 +0530 Thu, 25 Nov 2010 13:06:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55301 The Tribunal allowed the appeals, canceling the penalties for both years. It held that the income from the property was not taxable in the assessee's hands under section 64(2) after the partial partition. The Tribunal found no mala fide intention on the part of the assessee and departed from prior legal precedents, concluding that no penalty was warranted in this case. Case-Laws Income Tax Fri, 11 Dec 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55301