1999 (4) TMI 47

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....The Revenue has filed this application under section 256(2) of the Income-tax Act for directing the Tribunal to refer the following questions, stated to be questions of law for the opinion of this court : "(i) Whether, on the facts and in the circumstances of the case, the material contained in the Income-tax Appellate Tribunal's order in M.A. Nos. 50 and 51/Ind of 1990 dated November 30, 1990,....

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.... 18,360 and Rs. 44,104 by the Income-tax Appellate Tribunal. It appears that the assessee was alleged to have committed a default as envisaged under section 271(1)(c) culminating in imposition of penalty of Rs. 12,293 and Rs. 11,374 for the relevant assessment years. The matter was taken to the Income-tax Appellate Tribunal and the Tribunal passed a consolidated order dated September 4, 1990, c....