https://www.taxtmi.com/caselaws?id=17826 No referable question of law arose from the Tribunal's order cancelling penalty under section 271(1)(a), because penalty could not be imposed where no tax was payable on the returned income. The Tribunal had therefore rightly refused to state a case under section 256(1), and the High Court saw no reason to depart from binding precedent of the same court. The application under section 256(2) was dismissed as no legal issue warranting reference was made out. en-us Fri, 12 Jan 1996 00:00:00 +0530 Fri, 25 Sep 2009 10:59:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17826 No referable question of law arose from the Tribunal's order cancelling penalty under section 271(1)(a), because penalty could not be imposed where no tax was payable on the returned income. The Tribunal had therefore rightly refused to state a case under section 256(1), and the High Court saw no reason to depart from binding precedent of the same court. The application under section 256(2) was dismissed as no legal issue warranting reference was made out. Case-Laws Income Tax Fri, 12 Jan 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17826