https://www.taxtmi.com/caselaws?id=18501 The Tribunal cancelled penalty under section 271(1)(c) on appreciation of the evidence and surrounding facts, and treated the matter as one turning on factual findings rather than any referable question of law. The High Court found no illegality or perversity in that approach and held that the proposed questions did not justify a reference under section 256. The refusal to refer was therefore upheld and the application under section 256(2) was rejected. en-us Mon, 11 Dec 1995 00:00:00 +0530 Thu, 01 Oct 2009 13:09:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18501 The Tribunal cancelled penalty under section 271(1)(c) on appreciation of the evidence and surrounding facts, and treated the matter as one turning on factual findings rather than any referable question of law. The High Court found no illegality or perversity in that approach and held that the proposed questions did not justify a reference under section 256. The refusal to refer was therefore upheld and the application under section 256(2) was rejected. Case-Laws Income Tax Mon, 11 Dec 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18501