https://www.taxtmi.com/caselaws?id=14548 For penalty under section 271(1)(c) for concealment of income, the competent authority is determined by the law in force on the date of the assessment order, because concealment is identified and penalty jurisdiction crystallises only when assessment is completed. Applying section 274(2) as amended from 1 April 1971, the post-amendment allocation of jurisdiction governed assessments completed after that date. On that basis, the Income-tax Officer had jurisdiction to levy penalty where the assessment order was made after 1 April 1971. en-us Tue, 13 Oct 1998 00:00:00 +0530 Sat, 03 Sep 2011 18:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14548 For penalty under section 271(1)(c) for concealment of income, the competent authority is determined by the law in force on the date of the assessment order, because concealment is identified and penalty jurisdiction crystallises only when assessment is completed. Applying section 274(2) as amended from 1 April 1971, the post-amendment allocation of jurisdiction governed assessments completed after that date. On that basis, the Income-tax Officer had jurisdiction to levy penalty where the assessment order was made after 1 April 1971. Case-Laws Income Tax Tue, 13 Oct 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14548