https://www.taxtmi.com/caselaws?id=8622 For an assessment year ending before 1 April 1962 but completed on or after that date, penalty for failure to furnish a return is governed by the Income-tax Act, 1961 under the transitional scheme in section 297(2)(g). The classification based on the date of completion of assessment is treated as a valid transitional classification, and penalty proceedings are distinct from assessment proceedings. The text also states that article 20(1) is not infringed where the penalty does not exceed the maximum under the repealed law and the later order only corrects an erroneous reduction. en-us Mon, 21 Feb 1972 00:00:00 +0530 Fri, 08 May 2009 17:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8622 For an assessment year ending before 1 April 1962 but completed on or after that date, penalty for failure to furnish a return is governed by the Income-tax Act, 1961 under the transitional scheme in section 297(2)(g). The classification based on the date of completion of assessment is treated as a valid transitional classification, and penalty proceedings are distinct from assessment proceedings. The text also states that article 20(1) is not infringed where the penalty does not exceed the maximum under the repealed law and the later order only corrects an erroneous reduction. Case-Laws Income Tax Mon, 21 Feb 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8622