https://www.taxtmi.com/caselaws?id=15107 The application under section 256(2) of the Income-tax Act, 1961 was filed against the order of the Income-tax Appellate Tribunal. The Tribunal rejected the reference application under section 256(1) concerning the cancellation of penalty under section 272A(2)(g) for a technical default. The Tribunal found no mala fide intention, emphasized the applicant's bona fide belief, and highlighted the importance of discretion in penalty imposition for statutory breaches. The application was ultimately found to lack merit and was rejected due to the applicant's bona fide mistake in not furnishing the required certificate within the stipulated period. en-us Tue, 14 Dec 1999 00:00:00 +0530 Mon, 03 Aug 2009 11:12:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15107 The application under section 256(2) of the Income-tax Act, 1961 was filed against the order of the Income-tax Appellate Tribunal. The Tribunal rejected the reference application under section 256(1) concerning the cancellation of penalty under section 272A(2)(g) for a technical default. The Tribunal found no mala fide intention, emphasized the applicant's bona fide belief, and highlighted the importance of discretion in penalty imposition for statutory breaches. The application was ultimately found to lack merit and was rejected due to the applicant's bona fide mistake in not furnishing the required certificate within the stipulated period. Case-Laws Income Tax Tue, 14 Dec 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15107