High Court directs Tribunal to refer penalty calculation question under sections 271(1)(a) & 271(1)(c)

The High Court directed the Income-tax Appellate Tribunal to refer a question on penalty calculation under sections 271(1)(a) and 271(1)(c) of the Income-tax Act, 1961 for consideration.

---

---

The High Court of Allahabad heard a case under section 256(2) of the Income-tax Act, 1961. The court decided that the Income-tax Appellate Tribunal should refer a question regarding the calculation of penalty under sections 271(1)(a) and 271(1)(c) to the court.

---