https://www.taxtmi.com/caselaws?id=62092 The Tribunal dismissed the appeal by the Income Tax Officer, upholding the decision that the officer lacked jurisdiction to impose a penalty for concealment of income for the assessment year 1968-69. The Tribunal determined that the amended law at the time of filing the return with concealment governed the jurisdiction, requiring cases with penalties exceeding Rs. 25,000 to be referred to the Income Tax Appellate Commissioner. As the penalty in this case exceeded Rs. 1,000, the Tribunal concluded that the Income Tax Officer should have referred the case to the Appellate Commissioner, ultimately dismissing both the appeal and cross objection. en-us Tue, 20 Apr 1976 00:00:00 +0530 Tue, 18 Jan 2011 10:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62092 The Tribunal dismissed the appeal by the Income Tax Officer, upholding the decision that the officer lacked jurisdiction to impose a penalty for concealment of income for the assessment year 1968-69. The Tribunal determined that the amended law at the time of filing the return with concealment governed the jurisdiction, requiring cases with penalties exceeding Rs. 25,000 to be referred to the Income Tax Appellate Commissioner. As the penalty in this case exceeded Rs. 1,000, the Tribunal concluded that the Income Tax Officer should have referred the case to the Appellate Commissioner, ultimately dismissing both the appeal and cross objection. Case-Laws Income Tax Tue, 20 Apr 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62092