https://www.taxtmi.com/caselaws?id=17232 In proceedings under section 256(2) of the Income-tax Act, 1961, the Kerala HC considered whether the Tribunal's order cancelling penalty under section 271(1)(c) gave rise to referable questions of law. The Court held that the Revenue's proposed questions required reference to the High Court. The Tribunal was directed to state the case and refer the specified questions, so the legal issue on the penalty cancellation could be examined judicially. en-us Mon, 15 Jul 1996 00:00:00 +0530 Sat, 19 Sep 2009 18:27:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17232 In proceedings under section 256(2) of the Income-tax Act, 1961, the Kerala HC considered whether the Tribunal's order cancelling penalty under section 271(1)(c) gave rise to referable questions of law. The Court held that the Revenue's proposed questions required reference to the High Court. The Tribunal was directed to state the case and refer the specified questions, so the legal issue on the penalty cancellation could be examined judicially. Case-Laws Income Tax Mon, 15 Jul 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17232