Gujarat HC dismisses Tax Appeal as Tribunal reduces penalty, deeming it small. Court refuses appeal, question of law undecided.

The Gujarat HC dismissed the Tax Appeal as the Tribunal reduced the penalty from Rs. 80,000 to Rs. 16,000, deeming the amount small. The Court refused to entertain the appeal due to the insignificance of the penalty. The question of law remained undecided. The Civil Application for stay was also rejected.

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The Gujarat High Court dismissed the Tax Appeal as the Tribunal reduced the penalty from Rs. 80,000 to Rs. 16,000, considering the small amount involved. The Court did not entertain the appeal due to the smallness of the penalty amount. The question of law was kept open. Civil Application for stay was also dismissed.

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