High Court directs Tax Tribunal to refer questions on consideration & penalty. Assessee awarded costs.

The High Court of Allahabad directed the Income-tax Appellate Tribunal to refer two questions of law to the court regarding inadequate consideration and imposition of penalty. The assessee was awarded costs of Rs. 125.

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The High Court of Allahabad directed the Income-tax Appellate Tribunal to refer two questions of law regarding inadequate consideration and imposition of penalty to the court. The assessee was awarded costs of Rs. 125.

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