https://www.taxtmi.com/caselaws?id=176139 The High Court rejected all applications seeking reference of a common question of law regarding the leviability of penalty under section 271(l)(c) of the Income-tax Act for three different assessees but for the same assessment year. The Court emphasized that agreements between assessees and tax authorities should not be challenged in appeal, and not every case of penalty levy gives rise to a question of law. The Tribunal's finding that the assessees agreed to additions in one assessment year did not warrant a reference of the question of law. en-us Thu, 31 Oct 1996 00:00:00 +0530 Mon, 14 Dec 2015 15:46:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176139 The High Court rejected all applications seeking reference of a common question of law regarding the leviability of penalty under section 271(l)(c) of the Income-tax Act for three different assessees but for the same assessment year. The Court emphasized that agreements between assessees and tax authorities should not be challenged in appeal, and not every case of penalty levy gives rise to a question of law. The Tribunal's finding that the assessees agreed to additions in one assessment year did not warrant a reference of the question of law. Case-Laws Income Tax Thu, 31 Oct 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176139