https://www.taxtmi.com/caselaws?id=66056 The Tribunal rejected the Revenue's single reference application for penalties under sections 271(1)(c), 273(2)(b), and 271(1)(a) for the assessment year 1980-81, emphasizing the requirement of separate reference applications for distinct issues and assessment years as per Rule 48 read with Form No. 37 of the Income-tax Rules, 1962. The Tribunal held that allowing a single reference application would contravene legal provisions and lead to discrimination, highlighting the necessity of separate applications for proper adjudication. The Tribunal concluded that a single reference application under section 256(1) is not maintainable and dismissed the Revenue's application. en-us Fri, 29 Nov 1991 00:00:00 +0530 Mon, 21 Feb 2011 11:33:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66056 The Tribunal rejected the Revenue's single reference application for penalties under sections 271(1)(c), 273(2)(b), and 271(1)(a) for the assessment year 1980-81, emphasizing the requirement of separate reference applications for distinct issues and assessment years as per Rule 48 read with Form No. 37 of the Income-tax Rules, 1962. The Tribunal held that allowing a single reference application would contravene legal provisions and lead to discrimination, highlighting the necessity of separate applications for proper adjudication. The Tribunal concluded that a single reference application under section 256(1) is not maintainable and dismissed the Revenue's application. Case-Laws Income Tax Fri, 29 Nov 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66056