https://www.taxtmi.com/caselaws?id=7464 Section 297(2)(g) of the Income-tax Act, 1961 applied the 1961 penalty regime to assessments completed on or after 1 April 1962. Classification by assessment-completion date rested on an intelligible differentia, bore a rational nexus to curbing tax evasion, and did not violate Article 14. Penalty proceedings were distinct from assessment proceedings and arose after assessment completion. Sections 297(2)(a) and 297(2)(g) treated relevant assessment proceedings initiated under the Income-tax Act, 1922 as proceedings under the 1961 Act for this purpose, allowing penalty under section 271(1)(c) after an assessment completed under the transitional scheme. en-us Fri, 24 Jan 1969 00:00:00 +0530 Fri, 20 Feb 2009 12:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7464 Section 297(2)(g) of the Income-tax Act, 1961 applied the 1961 penalty regime to assessments completed on or after 1 April 1962. Classification by assessment-completion date rested on an intelligible differentia, bore a rational nexus to curbing tax evasion, and did not violate Article 14. Penalty proceedings were distinct from assessment proceedings and arose after assessment completion. Sections 297(2)(a) and 297(2)(g) treated relevant assessment proceedings initiated under the Income-tax Act, 1922 as proceedings under the 1961 Act for this purpose, allowing penalty under section 271(1)(c) after an assessment completed under the transitional scheme. Case-Laws Income Tax Fri, 24 Jan 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7464