High Court directs Tribunal to refer penalty question under section 271(1)(c) for assessment year 1985-86

The High Court directed the Income-tax Appellate Tribunal to refer the question of law on the assessee's penalty liability under section 271(1)(c) of the Income-tax Act for the assessment year 1985-86. The court reframed the question and instructed the Tribunal to prepare the statement of the case for its opinion.

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The High Court of Punjab and Haryana directed the Income-tax Appellate Tribunal to refer the question of law regarding the liability of the assessee to penalty under section 271(1)(c) of the Income-tax Act for the assessment year 1985-86. The court reframed the question and ordered the Tribunal to draw up the statement of the case for its opinion.

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