1983 (3) TMI 151 - AT - Income Tax

Summary

The Appellate Tribunal ITAT Pune heard an appeal regarding penalty for late filing of returns by a registered firm with two partners. One partner lost eyesight and the other left abruptly. The firm was dissolved. The ITO levied penalties, but the CIT (A) partially ruled in favor of the assessee. The CIT waived the penalties, rendering the appeals redundant. The appeals were dismissed. (Case: 1983 (3) TMI 151 - ITAT PUNE)