1986 (1) TMI 82

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..... 4 (CIT v. Shri Radheshyam Garg, Indore) and Miscellaneous Civil Case No. 296 of 1984 (CIT v. Shri Radheshyam Garg, Indore). These are applications under section 256(2) of the Income-tax Act, 1961 (hereinafter referred to as " the Act "). The material facts giving rise to these applications, briefly, are as follows : Proceedings for reassessment were commenced against the assessee for the relevan .....

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..... the facts and in the circumstances of the case, the Tribunal was justified in deleting the penalty levied by the Income-tax Officer under section 271(1)(c) at Rs. 7,500, Rs. 9,000 and Rs. 9,000 for the assessment years 1971-72, 1972-73 and 1974-75, respectively ?" The Tribunal held that no question of law arose out of the order passed by the Tribunal. The Tribunal, therefore, rejected the appli .....

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