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TMI Blog1991 (8) TMI 46X X X X Extracts X X X X X X X X Extracts X X X X ..... ng question of law : " Whether, on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal was justified in cancelling the penalty order under section 271(1)(c) of the Income-tax Act, 1961 ? " In this case, the assessee is a doctor. The relevant assessment year is 1973-74. The assessee declared his net professional income at Rs. 4,500. But the Income-tax Officer asses ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... assessee for the purpose of penalty proceedings and, keeping in view the various High Court decisions, cancelled the penalty order. While allowing the appeal, the Tribunal, inter alia, accepted the plea of the assessee that no penalty can be imposed on the basis of estimated additions as it cannot be said that the assessee had actually concealed any income. Recently, the Supreme Court, in the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ses. In this case, the Tribunal has borne in mind the relevant principles of law and has also judged the facts on record. It is not a case that there was no evidence or there was such evidence on which no reasonable man could have accepted the explanation of the assessee. In that view of the matter, in our opinion, the Tribunal rightly rejected the claim for reference under section 256(1) and the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... reference under the provisions of section 256 of the Income-tax Act, 1961. In my view, the reference itself is incompetent and, accordingly, rejected. Under the circumstances of the case, there will be no order as to costs. Let a copy of this judgment be transmitted to the Assistant Registrar, Income-tax Appellate Tribunal, Patna Bench, Patna, in terms of section 260 of the Income-tax Act, 1961 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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