TMI Blog1991 (2) TMI 107X X X X Extracts X X X X X X X X Extracts X X X X ..... late Tribunal has referred to this court one question of law each at the instance of the assessee and the Department under section 256(1) of the Income-tax Act, 1961. The proceedings relate to the assessment year 1971-72. The questions read thus : At the instance of the assessee : "Whether the Tribunal was right in holding that the levy of interest under sections 139 and/or 215 of the Act wa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ance of the assessee requires to be answered thus : The assessee will have no right of appeal to the Appellate Assistant Commissioner merely against the quantum of penal interest charged, that is to say, merely for the purpose of raising a contention that the interest charged is excessive or should be reduced or should have been waived altogether, but an appeal would lie to the Appellate Assista ..... X X X X Extracts X X X X X X X X Extracts X X X X
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