1979 (10) TMI 34 - HC - Income Tax

Summary

The High Court of Madhya Pradesh rejected an application under s. 256(2) of the Income-tax Act, 1961. The case involved a penalty imposed on the assessee for delay in filing the return, which was later set aside by the AAC and the Tribunal. The court held that no question of law arose from the Tribunal's order and rejected the application. Each party was ordered to bear their own costs.