https://www.taxtmi.com/caselaws?id=17949 The court allowed the application under section 256(2) of the Income-tax Act, directing the Tribunal to state the case and refer the question of law for consideration. The penalty imposed under section 271(1)(c) for concealment of income, which was canceled by the Tribunal, was challenged by the Department. The court found merit in the Department's arguments, leading to the decision to refer the proposed question for review without imposing costs but fixing counsel fees for each side. en-us Sat, 11 May 1996 00:00:00 +0530 Fri, 25 Sep 2009 17:22:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17949 The court allowed the application under section 256(2) of the Income-tax Act, directing the Tribunal to state the case and refer the question of law for consideration. The penalty imposed under section 271(1)(c) for concealment of income, which was canceled by the Tribunal, was challenged by the Department. The court found merit in the Department's arguments, leading to the decision to refer the proposed question for review without imposing costs but fixing counsel fees for each side. Case-Laws Income Tax Sat, 11 May 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17949