https://www.taxtmi.com/caselaws?id=8214 A notice issued under section 28(3) of the Indian Income-tax Act, 1922 could be preserved under section 297(2)(k) of the Income-tax Act, 1961 and treated as a valid notice for penalty proceedings under the 1961 Act. The saving clause was construed broadly to continue notices, orders and other acts taken under the repealed Act, provided they were not inconsistent with the corresponding provisions of the new Act. Because the earlier notice was a ministerial step in penalty proceedings and the old and new penalty provisions were substantially in pari materia, the notice remained effective. The referred question was answered in the negative, in favour of the Revenue. en-us Mon, 19 Oct 1970 00:00:00 +0530 Mon, 06 Apr 2009 09:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8214 A notice issued under section 28(3) of the Indian Income-tax Act, 1922 could be preserved under section 297(2)(k) of the Income-tax Act, 1961 and treated as a valid notice for penalty proceedings under the 1961 Act. The saving clause was construed broadly to continue notices, orders and other acts taken under the repealed Act, provided they were not inconsistent with the corresponding provisions of the new Act. Because the earlier notice was a ministerial step in penalty proceedings and the old and new penalty provisions were substantially in pari materia, the notice remained effective. The referred question was answered in the negative, in favour of the Revenue. Case-Laws Income Tax Mon, 19 Oct 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8214