https://www.taxtmi.com/caselaws?id=65790 The Tribunal canceled the penalty order under section 271(1)(c) imposed by the IAC due to insufficient facts and evidence. The Tribunal found that the penalty imposition lacked necessary materials and noted discrepancies in the income reported by the assessee. It concluded that the penalty was unjustified and refused to refer the matter to the High Court as it determined the issues as questions of fact. The Tribunal's decision was based on factual findings, leading to the rejection of the reference application. en-us Tue, 27 Mar 1984 00:00:00 +0530 Fri, 18 Feb 2011 17:20:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65790 The Tribunal canceled the penalty order under section 271(1)(c) imposed by the IAC due to insufficient facts and evidence. The Tribunal found that the penalty imposition lacked necessary materials and noted discrepancies in the income reported by the assessee. It concluded that the penalty was unjustified and refused to refer the matter to the High Court as it determined the issues as questions of fact. The Tribunal's decision was based on factual findings, leading to the rejection of the reference application. Case-Laws Income Tax Tue, 27 Mar 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65790