1984 (6) TMI 5

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.... 256(1) of the Income-tax Act, 1961. At the instance of the Department, the following question has been referred by the Tribunal : "Whether, on the facts and in the circumstances of the case, the Incometax Appellate Tribunal is right in law in cancelling the penalty levied by the Inspecting Assistant Commissioner under section 271(1)(c) holding that the Inspecting Assistant Commissioner had no j....