2001 (7) TMI 57

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....r a direction to the Income-tax Tribunal to draw up the statement of the case and to refer the following question of law for the opinion to this court: "Whether, on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal was legally justified in deleting the penalty under section 271(1)(b) on the basis that the computation of penalty under section 271(1)(ii) could not be....