1988 (7) TMI 45

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..... ed to this court under section 256(2) of the Income-tax Act, 1961, on which rule was issued. The questions are as follows : "1. Whether, on the facts and in the circumstances of the case, the Tribunal was justified in holding that no penalty is leviable under section 271 (1)(a) of the Income-tax Act, 1961 ? 2. Whether, on the facts and in the circumstances of the case, the finding of the Tribuna .....

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..... nt in the collection of particulars for preparation of the return and to get the return signed by the director as required by section 160 of the Income-tax Act, 1961. It is clearly mentioned in the explanation dated July 6, 1981, that it was necessary for the assessee-company to send the return of income prepared in India for the signature of the director in the U. K. and that it also took some ti .....

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