Appellate Tribunal is legally justified in cancelling the penalty imposed under Section 272A(2)(c) ?
2. Whether the Income-tax Appellate Tribunal was right ... collectible' used in the amended provisions of Section 272A(2)(c) with effect from October 1, 1991, mean the amount of tax which remains
ITAT is legally justified in cancelling the penalty imposed under Section 272A(2)(C)?
2. Whether the ITAT was right in law in holding that ... collectible' used in the amended provisions of Section 272A(2)(C) w.e.f. 1.10.91 mean the amount of tax which remains
Tribunal is legally justified in cancelling the penalty imposed under section 272A(2)(c)?
2. Whether the Tribunal was right in law in holding that ... collectible' used in the amended provisions of section 272A(2)(c) with effect from 1-10-1991, mean the amount of tax which remains
Deputy Commissioner of Income-tax for imposition of the penalty under Section 272A(1)(c) of the Income-tax
Act. The Deputy Commissioner inflicted ... However, the Income-tax Appellate Tribunal cancelled the penalty levied under Section 272A(1)(c) by order dated December 29, 1997. The Department filed
reference to Deputy Commissioner for imposition of the penalty under section 272A(1)(c) of the Income Tax Act. The Deputy Commissioner inflicted a penalty ... However, the Tribunal cancelled the penalty levied under section 272A(1)(c) by order dated 29-12-1997.
The department filed an application for reference
Officer imposed penalty of Rs. 24,000 being the minimum under Section 272A(2)(c) of the Act.
3. In the first appeal, the Commissioner ... decided on 11th May, 2002) considering the provisions of Sections 206 and 272A(2)(c) of the Income-tax Act the court held as follows
officer imposed penalty of Rs. 24,000 being the minimum under section 272A(2)(c) of the Act.
3. In the first appeal, the Commissioner ... being IT Ref. No. 17/1996
"Thus, the penalty under section 272A(2)(c) cannot be levied in a routine manner. The discretion vested
