1989 (3) TMI 70 - HC - Income Tax

Summary

The High Court of Madhya Pradesh rejected an application under section 256(2) of the Income-tax Act, 1961. The application was filed by an assessee challenging the imposition of penalty under section 221 of the Act. The court found that the question of law raised by the assessee did not arise from the Tribunal's order, and therefore, the application was rejected. The parties were ordered to bear their own costs.