Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2010 (12) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2010 (12) TMI 950 - HC - Income TaxPenalty proceedings initiated u/s 271(1)(a) - Failure to furnish returns - assessees submitted that they could not file the return as the assessment of the firm was not finalized, pleaded that they were under the impression that their income are below the taxable limit. Plea that no penalty could be levied on them as the penalty has also been levied on the firm - Held that:- Tribunal has recorded findings of fact holding that there were sufficient reasons for the assessees for non filing the return within time, the assessment of the firm was not finalized and the assessee has share income from firm M/s Jagan Nath and Co. no legal error in the order under appeal and hold that the Tribunal was justified in confirming the order of the CIT (A) setting aside penalty order - no substantial question of law is involved.
|