https://www.taxtmi.com/caselaws?id=11439 The Tribunal's finding that the assessee accepted the addition, withdrew the appeal to buy peace, and did so on the clear understanding that no penalty would be levied was treated as a finding of fact. On that basis, the Rajasthan HC held that the cancellation of penalty under section 271(1)(c) did not raise any referable question of law under section 256(2), and the reference application was rejected. en-us Thu, 08 Aug 2002 00:00:00 +0530 Mon, 10 Aug 2009 09:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11439 The Tribunal's finding that the assessee accepted the addition, withdrew the appeal to buy peace, and did so on the clear understanding that no penalty would be levied was treated as a finding of fact. On that basis, the Rajasthan HC held that the cancellation of penalty under section 271(1)(c) did not raise any referable question of law under section 256(2), and the reference application was rejected. Case-Laws Income Tax Thu, 08 Aug 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11439