High Court rules penalty under Income-tax Act for late filing, not tax evasion, based on facts

The High Court dismissed the petition seeking reference on the application of penal provisions under section 273(c) of the Income-tax Act. The penalty was imposed for late filing rather than tax evasion, leading to the court's decision based on factual findings rather than a legal question.

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The petitioner sought reference to the High Court on whether penal provisions of section 273(c) of the Income-tax Act apply. The Tribunal found penalty was imposed due to a technical default of late filing, not actual tax evasion. High Court dismissed the petition, stating it was a finding of fact, not a legal question.

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