1996 (2) TMI 9

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....nior Advocate (Ms. A. Subhashini and S. N. Terdol, Advocates) JUDGMENT This appeal has to be allowed following the decision of this court in CIT v. Onkar Saran and Sons [1992] 195 ITR 1. The question referred for the opinion of the High Court under section 256(2) of the Income-tax Act was (see [1977] 110 ITR 538, 539): "Whether the amount of penalty imposable should have been worked out on the....