1996 (2) TMI 9

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.... the Respondent : V. Gauri Sankar, Senior 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 pena....