1980 (7) TMI 131

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....he assessee had filed the estimate under s. 212(3a), no penalty was exigible. It was further submitted that in the absence of intimation of share of the assessee in the firm in which he was a partner, the penalty was not exigible on facts. Both the contentions of the assessee did not find favour with the Revenue authorities. The assessee had come up in appeal. 2. It is contended before me by th....