https://www.taxtmi.com/caselaws?id=2386 A controversy over a quantum addition and concealment penalty under section 271(1)(c) was treated as raising questions of law for reference under section 256(2). The competing claims concerned ownership of cash, the alleged business loss, and the applicability of the penalty provisions. On that basis, the Bombay HC held that the Tribunal's order warranted a reference on the formulated questions of law and directed the Tribunal to state the case. en-us Tue, 17 Apr 2007 00:00:00 +0530 Thu, 31 Jul 2008 11:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2386 A controversy over a quantum addition and concealment penalty under section 271(1)(c) was treated as raising questions of law for reference under section 256(2). The competing claims concerned ownership of cash, the alleged business loss, and the applicability of the penalty provisions. On that basis, the Bombay HC held that the Tribunal's order warranted a reference on the formulated questions of law and directed the Tribunal to state the case. Case-Laws Income Tax Tue, 17 Apr 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2386