https://www.taxtmi.com/caselaws?id=16545 The court ruled in favor of the Revenue, determining that the question raised regarding penalty imposition under section 271(1)(c) of the Income-tax Act, 1961 was indeed a question of law necessitating a reference to the High Court. The Commissioner of Income-tax (Appeals) decision to cancel penalties was upheld based on the assessing authority's inability to enhance the assessee's liability after a partial acceptance of the request for spreading over the surrendered amount. The Income-tax Appellate Tribunal's dismissal of the Revenue's appeal led to the court's directive for framing the question of law for reference, emphasizing the importance of legal clarity for further adjudication. en-us Thu, 28 Nov 1996 00:00:00 +0530 Tue, 08 Sep 2009 13:58:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16545 The court ruled in favor of the Revenue, determining that the question raised regarding penalty imposition under section 271(1)(c) of the Income-tax Act, 1961 was indeed a question of law necessitating a reference to the High Court. The Commissioner of Income-tax (Appeals) decision to cancel penalties was upheld based on the assessing authority's inability to enhance the assessee's liability after a partial acceptance of the request for spreading over the surrendered amount. The Income-tax Appellate Tribunal's dismissal of the Revenue's appeal led to the court's directive for framing the question of law for reference, emphasizing the importance of legal clarity for further adjudication. Case-Laws Income Tax Thu, 28 Nov 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16545