https://www.taxtmi.com/caselaws?id=17069 A penalty under section 140A(3) was treated as consequential to the quantum findings, and the Tribunal recorded that the assessee's computation of tax under section 140A was bona fide because the section 115E issue had been decided in the assessee's favour. On that basis, the High Court stated that a referable question of law arose from the Tribunal's order for consideration under section 256(2) of the Income-tax Act, 1961. The document explains that where the penalty flows from the quantum proceedings and the Tribunal's own reasoning generates a legal controversy, reference of the question to the High Court is warranted. en-us Thu, 03 Jul 1997 00:00:00 +0530 Tue, 15 Sep 2009 10:50:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17069 A penalty under section 140A(3) was treated as consequential to the quantum findings, and the Tribunal recorded that the assessee's computation of tax under section 140A was bona fide because the section 115E issue had been decided in the assessee's favour. On that basis, the High Court stated that a referable question of law arose from the Tribunal's order for consideration under section 256(2) of the Income-tax Act, 1961. The document explains that where the penalty flows from the quantum proceedings and the Tribunal's own reasoning generates a legal controversy, reference of the question to the High Court is warranted. Case-Laws Income Tax Thu, 03 Jul 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17069