High Court directs Tribunal to reconsider penalty cancellation decision for assessment year 1968-69

High Court of Punjab and Haryana directed the Tribunal to refer questions of law arising from the order, including cancellation of penalty under section 271(1)(c) for assessment year 1968-69. The Tribunal's decision was questioned for being perverse and not based on facts of the case. The case outcome resulted in the High Court directing the Tribunal to reconsider and address the legal issues raised in the appeal.

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High Court of Punjab and Haryana directed the Tribunal to refer questions of law arising from the order, including cancellation of penalty under section 271(1)(c) for assessment year 1968-69. The Tribunal's decision was questioned for being perverse and not based on facts of the case. (Case citation: 1988 (8) TMI 24 - Punjab and Haryana High Court)

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