https://www.taxtmi.com/caselaws?id=12512 A substantial question of law was found to arise on the levy of penalty under section 271B where the audit report was stated to have been obtained within time and the return-filing requirements were otherwise complied with. The applicant sought a reference under section 256(2) on whether penalty could still be imposed on those facts. The Court held that the facts and circumstances disclosed a referable question of law and directed the Tribunal to draw up the statement of facts and refer the framed question to the Court for opinion. en-us Tue, 30 Jan 2001 00:00:00 +0530 Tue, 19 May 2009 17:39:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12512 A substantial question of law was found to arise on the levy of penalty under section 271B where the audit report was stated to have been obtained within time and the return-filing requirements were otherwise complied with. The applicant sought a reference under section 256(2) on whether penalty could still be imposed on those facts. The Court held that the facts and circumstances disclosed a referable question of law and directed the Tribunal to draw up the statement of facts and refer the framed question to the Court for opinion. Case-Laws Income Tax Tue, 30 Jan 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12512