1986 (7) TMI 44

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..... Act, 1961 (hereinafter referred to as " the Act "). The material facts giving rise to this application, briefly, are as follows: While framing the assessment for the assessment year in question, the Income-tax Officer added certain amount which according to the Income-tax Officer had not been disclosed by the assessee. The Income-tax Officer also initiated penalty proceedings under section 271 .....

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..... sioner of Income-tax (Appeals). Aggrieved by that order, the Department sought reference but that application was rejected. Hence, the Department has filed this application. Having heard learned counsel Shri Mukati, for the applicant, we have come to the conclusion that this application deserves to be dismissed. The question, as to whether there was a bona fide mistake made by the assessee in di .....

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