1987 (10) TMI 33 - HC - Income Tax

Summary

The Commissioner of Income-tax filed an application under section 256(2) of the Income-tax Act to challenge the cancellation of a penalty under section 271(1)(c). The High Court upheld the Tribunal's decision, finding no error in the Tribunal's reasoning that income of minors in a partnership was not required to be included in the return at the relevant time. The application was rejected.