1987 (10) TMI 33

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....n under section 256(2) of the Income-tax Act filed by the Commissioner of Income-tax on behalf of the Revenue. The only question raised is whether in law and facts, the Tribunal was justified in cancelling the penalty imposed under section 271(1)(c) of the Income-tax Act. Although learned counsel for the Department has vehemently argued that the Tribunal was not justified in setting aside the orde....