https://www.taxtmi.com/caselaws?id=5205 A reference under section 256(2) of the Income-tax Act, 1961 is not warranted unless the case is fit for a question of law to be stated. The discussion notes that the Tribunal had relied on an earlier decision while setting aside a penalty, but the amendment to section 271 by Act 5 of 1964, including the omission of the word "deliberately" and the insertion of an Explanation, should have been considered. Even so, the Court held that this did not justify directing a reference to the High Court, so the refusal to require a reference was sustained. en-us Fri, 29 Jul 1977 00:00:00 +0530 Fri, 31 Aug 2018 15:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5205 A reference under section 256(2) of the Income-tax Act, 1961 is not warranted unless the case is fit for a question of law to be stated. The discussion notes that the Tribunal had relied on an earlier decision while setting aside a penalty, but the amendment to section 271 by Act 5 of 1964, including the omission of the word "deliberately" and the insertion of an Explanation, should have been considered. Even so, the Court held that this did not justify directing a reference to the High Court, so the refusal to require a reference was sustained. Case-Laws Income Tax Fri, 29 Jul 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5205