https://www.taxtmi.com/caselaws?id=8181 Penalty for late filing of returns for assessment years governed by the Indian Income-tax Act, 1922 could be imposed under section 271(1)(a) of the Income-tax Act, 1961 where the assessment was completed on or after 1 April 1962. Section 297(2)(g) of the 1961 Act was treated as a transitional provision enabling initiation and completion of penalty proceedings under the 1961 Act for years ending on or before 31 March 1962. The default under section 22(1) of the 1922 Act did not bar recourse to the 1961 penalty provision, so the penalty was held lawfully imposable. en-us Sat, 27 Mar 1971 00:00:00 +0530 Wed, 01 Apr 2009 12:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8181 Penalty for late filing of returns for assessment years governed by the Indian Income-tax Act, 1922 could be imposed under section 271(1)(a) of the Income-tax Act, 1961 where the assessment was completed on or after 1 April 1962. Section 297(2)(g) of the 1961 Act was treated as a transitional provision enabling initiation and completion of penalty proceedings under the 1961 Act for years ending on or before 31 March 1962. The default under section 22(1) of the 1922 Act did not bar recourse to the 1961 penalty provision, so the penalty was held lawfully imposable. Case-Laws Income Tax Sat, 27 Mar 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8181