https://www.taxtmi.com/circulars?id=9059 Amendments change penalty computation and administrative referral: continuing defaults are apportioned into pre- and post-amendment periods so that the pre-amendment ceiling limits penalties only for the earlier period while the post-amendment months attract penalty under the new provision without that ceiling; deletion of the mandatory referral provision means assessing officers need not refer high-value concealment penalty cases after the deletion, but cases where proceedings began before deletion remain subject to referral to the senior officer. en-us Tue, 01 Feb 1977 00:00:00 +0530 Wed, 01 Jun 2011 18:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9059 Amendments change penalty computation and administrative referral: continuing defaults are apportioned into pre- and post-amendment periods so that the pre-amendment ceiling limits penalties only for the earlier period while the post-amendment months attract penalty under the new provision without that ceiling; deletion of the mandatory referral provision means assessing officers need not refer high-value concealment penalty cases after the deletion, but cases where proceedings began before deletion remain subject to referral to the senior officer. Circulars Income Tax Tue, 01 Feb 1977 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9059