https://www.taxtmi.com/caselaws?id=17694 The court allowed the application under section 256(2) of the Income-tax Act, 1961, directing the Tribunal to state the case and refer questions of law arising from its order for the assessment year 1982-83. The Tribunal's decision on penalty imposition without seeking instructions from the Commissioner and the applicability of Circular No. 451, dated February 17, 1986, was contested. The court partially upheld the penalty on certain additions to the assessee's income while rejecting it on others. The judgment emphasized the need for expeditious resolution and directed the Tribunal to promptly refer the questions of law related to penalty imposition and Circular No. 451, dated February 17, 1986. en-us Fri, 12 Jul 1996 00:00:00 +0530 Thu, 24 Sep 2009 12:06:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17694 The court allowed the application under section 256(2) of the Income-tax Act, 1961, directing the Tribunal to state the case and refer questions of law arising from its order for the assessment year 1982-83. The Tribunal's decision on penalty imposition without seeking instructions from the Commissioner and the applicability of Circular No. 451, dated February 17, 1986, was contested. The court partially upheld the penalty on certain additions to the assessee's income while rejecting it on others. The judgment emphasized the need for expeditious resolution and directed the Tribunal to promptly refer the questions of law related to penalty imposition and Circular No. 451, dated February 17, 1986. Case-Laws Income Tax Fri, 12 Jul 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17694