1986 (8) TMI 11

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....ort " the Act "), filed by the Revenue, wherein it has been prayed that the following question of law arises in the case and the Income-tax Appellate Tribunal be directed to draw up a statement of case: " Whether, on the facts and in the circumstances of the case, the Tribunal was justified in cancelling the penalty of Rs. 11,000 levied under section 273(c) of the Act? " Notice of demand for....

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.... which prevented the firm from filing estimate are applicable in the instant case also, the assessee, being a partner, and the reasons in the case of the firm having a direct bearing on the partners as well. A penalty of Rs. 33,700 under section 273(c) was levied in the case of the firm for the assessment year 1975-76. The hon'ble Commissioner of Income-tax (appeal) after appreciating the reaso....

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....x Officer was set aside. The Revenue preferred an appeal before the Income-tax Appellate Tribunal, Jaipur, and the Income-tax Appellate Tribunal, Calcutta Bench " D ", camp at Jaipur, by its order dated July 13, 1981, dismissed the appeal. An application was filed on behalf of the Revenue before the Tribunal to make a reference to this court. The Tribunal, by its order dated May 29, 1982, refused ....