https://www.taxtmi.com/caselaws?id=62490 The Tribunal rejected the reference application in a case concerning the imposition of a penalty under section 271(1)(c) of the IT Act, 1961, related to an addition on estimate of wages. The Tribunal found that the penalty was justified based on evidence of discrepancies in the assessee's books of account, leading to the dismissal of the reference application as no legal questions arose from the decision. The application was consequently rejected, concluding the legal proceedings. en-us Tue, 12 Sep 1989 00:00:00 +0530 Thu, 20 Jan 2011 10:43:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62490 The Tribunal rejected the reference application in a case concerning the imposition of a penalty under section 271(1)(c) of the IT Act, 1961, related to an addition on estimate of wages. The Tribunal found that the penalty was justified based on evidence of discrepancies in the assessee's books of account, leading to the dismissal of the reference application as no legal questions arose from the decision. The application was consequently rejected, concluding the legal proceedings. Case-Laws Income Tax Tue, 12 Sep 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62490