1999 (10) TMI 15

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.... that the Income-tax Appellate Tribunal, New Delhi, be directed to state a case and to refer the following questions stated to be of law and to arise out of its order dated November 30, 1995, passed in I. T. A. No. 7164/Del of 1990, for the assessment year 1985-86 for the opinion of this court. "1. Whether the Appellate Tribunal was correct and legally justified to hold that the offer made cond....

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....ming the penalty imposed under section 271(1)(c) of the Income-tax Act, 1961, in total disregard of the case law relied upon before the Appellate Tribunal ? 5. Whether there was material with the Appellate Tribunal to hold that the sum of Rs. 1,00,000 added in the assessment of the assessee-firm constituted the concealed income of the assessee-firm (Pratapsingh Ravindrajeetsingh v. CIT [1996] 2....