2000 (10) TMI 36 - HC - Income Tax

Summary

The High Court of Delhi declined to answer questions referred by the Income-tax Appellate Tribunal regarding penalties imposed under section 273(b) for assessment years 1967-68 and 1968-69. The Tribunal found reasonable cause for not paying the advance tax instalments in time, and the court considered this a factual matter, not involving a question of law. The penalties were upheld.