https://www.taxtmi.com/caselaws?id=8056 Section 297(2)(g) of the Income-tax Act, 1961 was upheld as constitutionally valid because the classification of penalty cases by the date of completion of assessment had a rational nexus with preventing tax evasion, so the article 14 challenge failed. Penalty proceedings for concealment in respect of an assessment completed under the Income-tax Act, 1922 were held to be maintainable under section 271 of the 1961 Act where the assessment was completed after 1 April 1962, with sections 271 and 297(2)(g) operating together to apply the new penalty machinery; the impugned penalty notice therefore could not be struck down. en-us Wed, 10 Dec 1969 00:00:00 +0530 Fri, 27 Mar 2009 17:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8056 Section 297(2)(g) of the Income-tax Act, 1961 was upheld as constitutionally valid because the classification of penalty cases by the date of completion of assessment had a rational nexus with preventing tax evasion, so the article 14 challenge failed. Penalty proceedings for concealment in respect of an assessment completed under the Income-tax Act, 1922 were held to be maintainable under section 271 of the 1961 Act where the assessment was completed after 1 April 1962, with sections 271 and 297(2)(g) operating together to apply the new penalty machinery; the impugned penalty notice therefore could not be struck down. Case-Laws Income Tax Wed, 10 Dec 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8056