https://www.taxtmi.com/caselaws?id=7660 Where an assessment for an earlier year was completed on or after 1 April 1962, concealment penalty proceedings were governed by section 297(2)(g) of the Income-tax Act, 1961, even though the return had been filed under the repealed 1922 Act. The transitional savings scheme in section 297(2) was treated as self-contained and controlling, so section 6 of the General Clauses Act did not displace it. On that basis, penalty could be initiated and imposed under section 271 of the 1961 Act, and the assessee's objection to the new Act's application failed. en-us Thu, 06 Mar 1969 00:00:00 +0530 Tue, 17 Mar 2009 10:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7660 Where an assessment for an earlier year was completed on or after 1 April 1962, concealment penalty proceedings were governed by section 297(2)(g) of the Income-tax Act, 1961, even though the return had been filed under the repealed 1922 Act. The transitional savings scheme in section 297(2) was treated as self-contained and controlling, so section 6 of the General Clauses Act did not displace it. On that basis, penalty could be initiated and imposed under section 271 of the 1961 Act, and the assessee's objection to the new Act's application failed. Case-Laws Income Tax Thu, 06 Mar 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7660