https://www.taxtmi.com/caselaws?id=5182 The Supreme Court set aside the decisions of the High Court and the Tribunal in a case involving a registered firm operating a restaurant in Ahmedabad for the assessment years 1967-68 and 1968-69. The Court directed the High Court to seek a statement of case from the Tribunal on specific questions related to the firm's alleged fraud in income reporting and the legality of cancelling the penalties imposed under section 271(1)(c) of the Income-tax Act, 1961. The High Court was instructed to dispose of the references based on the statements received from the Tribunal, with no order as to costs. en-us Mon, 01 Aug 1977 00:00:00 +0530 Fri, 21 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5182 The Supreme Court set aside the decisions of the High Court and the Tribunal in a case involving a registered firm operating a restaurant in Ahmedabad for the assessment years 1967-68 and 1968-69. The Court directed the High Court to seek a statement of case from the Tribunal on specific questions related to the firm's alleged fraud in income reporting and the legality of cancelling the penalties imposed under section 271(1)(c) of the Income-tax Act, 1961. The High Court was instructed to dispose of the references based on the statements received from the Tribunal, with no order as to costs. Case-Laws Income Tax Mon, 01 Aug 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5182