https://www.taxtmi.com/caselaws?id=66284 For concealment penalty, the governing quantum is determined by the law in force on the date the original return was filed, not by an amended provision introduced later and applied at reassessment. Where the alleged concealment relates to returns filed before 1 April 1968, the earlier penalty regime applies even if detection occurred in reopened proceedings under sections 147 and 148. The amended quantum provision was therefore inapplicable to the original returns, and penalty had to be recalculated under the pre-amendment law, with only the minimum penalty under that earlier regime sustained. en-us Sat, 30 Jul 1977 00:00:00 +0530 Wed, 23 Feb 2011 13:09:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66284 For concealment penalty, the governing quantum is determined by the law in force on the date the original return was filed, not by an amended provision introduced later and applied at reassessment. Where the alleged concealment relates to returns filed before 1 April 1968, the earlier penalty regime applies even if detection occurred in reopened proceedings under sections 147 and 148. The amended quantum provision was therefore inapplicable to the original returns, and penalty had to be recalculated under the pre-amendment law, with only the minimum penalty under that earlier regime sustained. Case-Laws Income Tax Sat, 30 Jul 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66284