1989 (11) TMI 34

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... t, 1957, seeking a reference to this court as enumerated in para 3 of the petition. The Revenue had filed appeals before the Income-tax Appellate Tribunal, Indore Bench, Indore, against the order of the Appellate Assistant Commissioner directing computation of the penalty at 2 per cent. of the assessed tax for each month of default for the assessment years 1973-74 to 1975-76. The Tribunal was of .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... sel for the par ties, we are of the opinion that this matter has already been concluded by the Supreme Court and that the Supreme Court decision reported in Maya Rani Punj's case [1986] 157 ITR 330 having been followed by this court in M. C. C. No. 252 of 1987 (CWT v. Babulal Agrawal [1989] 176 ITR 497), there is no case for admission of this application. The application filed by the Revenue is, t .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X