1997 (7) TMI 28 - HC - Income Tax

Summary

The High Court of Punjab and Haryana directed the Income-tax Appellate Tribunal to refer the question of law regarding the liability of the assessee to penalty under section 271(1)(c) of the Income-tax Act for the assessment year 1985-86. The court reframed the question and ordered the Tribunal to draw up the statement of the case for its opinion.