https://www.taxtmi.com/caselaws?id=9278 Section 297(2)(g) of the Income-tax Act, 1961 was treated as a saving provision enabling penalty proceedings under the 1961 Act for assessments relating to years ending on or before 31 March 1962, where the assessment was completed on or after 1 April 1962. The expression "in respect of" was read broadly to cover matters having a nexus with the assessment process. On that basis, penalty for a default connected with the old section 18A regime could validly be levied under section 273(b) of the 1961 Act despite the default arising under the repealed 1922 Act. en-us Fri, 07 May 1971 00:00:00 +0530 Sun, 21 Jun 2009 17:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9278 Section 297(2)(g) of the Income-tax Act, 1961 was treated as a saving provision enabling penalty proceedings under the 1961 Act for assessments relating to years ending on or before 31 March 1962, where the assessment was completed on or after 1 April 1962. The expression "in respect of" was read broadly to cover matters having a nexus with the assessment process. On that basis, penalty for a default connected with the old section 18A regime could validly be levied under section 273(b) of the 1961 Act despite the default arising under the repealed 1922 Act. Case-Laws Income Tax Fri, 07 May 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9278