https://www.taxtmi.com/caselaws?id=61494 Partners of M/s. Mangal Engg. Works filed income tax returns 31 months late due to a search and seizure operation. The Tribunal upheld the CIT(A)'s decision, condoning the delay until the firm filed its return but sustaining a penalty for the remaining one month. The Third Member agreed, emphasizing the partners' main income source from the firm. The Revenue's appeal and assessees' cross-appeal were dismissed, aligning with High Court precedents. en-us Tue, 31 Mar 1998 00:00:00 +0530 Wed, 12 Jan 2011 18:17:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61494 Partners of M/s. Mangal Engg. Works filed income tax returns 31 months late due to a search and seizure operation. The Tribunal upheld the CIT(A)'s decision, condoning the delay until the firm filed its return but sustaining a penalty for the remaining one month. The Third Member agreed, emphasizing the partners' main income source from the firm. The Revenue's appeal and assessees' cross-appeal were dismissed, aligning with High Court precedents. Case-Laws Income Tax Tue, 31 Mar 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61494