1989 (3) TMI 36

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....ce under section 256(1) of the Income-tax Act, 1961 (hereinafter referred to as "the Act"), the Income-tax Appellate Tribunal, Indore Bench, has referred the following question of law to this court for its opinion : "Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that the assessee was liable to penalty under section 271(1)(a) read with sub-section (2....

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.... appeal. That appeal was allowed by the Appellate Assistant Commissioner. Hence, the Revenue filed an appeal before the Tribunal. The Tribunal allowed that appeal and restored the order passed by the Income-tax Officer. Aggrieved by the order passed by the Tribunal, the assessee sought reference and it is at the instance of the assessee that the aforesaid question of law has been referred to this ....