https://www.taxtmi.com/caselaws?id=8056 Section 297(2)(g) of the Income-tax Act, 1961 validly classifies penalty matters by the date of assessment completion, with a rational connection to preventing tax evasion; the classification does not violate article 14. For assessments relating to earlier years but completed after 1 April 1962, penalty proceedings for concealment are governed by section 271 of the 1961 Act read with the saving provision in section 297(2)(g). The required satisfaction may arise in proceedings under the 1961 Act, and its penalty provisions apply mutatis mutandis. Consequently, a penalty notice under the 1961 Act remains maintainable for such assessments. 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 validly classifies penalty matters by the date of assessment completion, with a rational connection to preventing tax evasion; the classification does not violate article 14. For assessments relating to earlier years but completed after 1 April 1962, penalty proceedings for concealment are governed by section 271 of the 1961 Act read with the saving provision in section 297(2)(g). The required satisfaction may arise in proceedings under the 1961 Act, and its penalty provisions apply mutatis mutandis. Consequently, a penalty notice under the 1961 Act remains maintainable for such assessments. Case-Laws Income Tax Wed, 10 Dec 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8056