1984 (8) TMI 40

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....rred to us by the Tribunal reads as under "Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that the assessee should not have been penalised under section 273(b) of the Income-tax Act, 1961, when the failure was under section 18A(3) of the Indian Income-tax Act, 1922 ?" A penalty of Rs. 5,000 (Rupees five thousand) was levied on the assessee. We n....