https://www.taxtmi.com/caselaws?id=61139 The ITAT set aside the penalties imposed under section 271(1)(c) of the IT Act for the assessment years 1973-74 and 1974-75, ruling that the assessee had not acted dishonestly or with intent to evade tax. The omission of the minor sons' share income was deemed unintentional, supported by the lack of contumacious conduct. The ITAT emphasized the absence of justification for penalties, considering the peculiar circumstances of simultaneous filing of returns for the assessee and minors, ultimately canceling the penalties imposed by the authorities. en-us Thu, 15 Jan 1981 00:00:00 +0530 Tue, 11 Jan 2011 10:59:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61139 The ITAT set aside the penalties imposed under section 271(1)(c) of the IT Act for the assessment years 1973-74 and 1974-75, ruling that the assessee had not acted dishonestly or with intent to evade tax. The omission of the minor sons' share income was deemed unintentional, supported by the lack of contumacious conduct. The ITAT emphasized the absence of justification for penalties, considering the peculiar circumstances of simultaneous filing of returns for the assessee and minors, ultimately canceling the penalties imposed by the authorities. Case-Laws Income Tax Thu, 15 Jan 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61139