1996 (4) TMI 108

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....question has been referred for our opinion : " Whether, on the facts and in the circumstances of the case and on a correct interpretation of the Taxation Laws (Amendment) Act, 1975, the Appellate Tribunal was justified in holding that the Inspecting Assistant Commissioner had no jurisdiction to pass any order of penalty under section 271(1)(c) on/after April 1, 1976, and in that view cancelling....