https://www.taxtmi.com/caselaws?id=5597 In penalty proceedings for concealment or misstatement under section 271(1)(c), the governing law is the law in force when the return containing the concealment or misstatement was filed, not the law in force when penalty proceedings were initiated. The Court treated the delinquency as linked to the return itself, including an original or revised return, so the penalty had to be computed by reference to the law applicable on that filing date. The issue was resolved in favour of the assessee. en-us Tue, 27 Feb 1996 00:00:00 +0530 Fri, 31 Aug 2018 10:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5597 In penalty proceedings for concealment or misstatement under section 271(1)(c), the governing law is the law in force when the return containing the concealment or misstatement was filed, not the law in force when penalty proceedings were initiated. The Court treated the delinquency as linked to the return itself, including an original or revised return, so the penalty had to be computed by reference to the law applicable on that filing date. The issue was resolved in favour of the assessee. Case-Laws Income Tax Tue, 27 Feb 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5597