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1994 (4) TMI 42 - HC - Income TaxExtract: .......uantum appeal no longer survives, it is not an appropriate case where a direction should be given to the Income-tax Appellate Tribunal for making a reference under section 256 in respect of penalty. As the matter of penalty is qua tax and there is no liability to tax, no penalty can be levied. The reference application having no force is dismissed.
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