https://www.taxtmi.com/caselaws?id=15247 The Division Bench reviewed a case regarding the jurisdiction of the Inspecting Assistant Commissioner to impose penalties post-amendment under the Income-tax Act, 1961. While the Tribunal initially found the Commissioner lacked jurisdiction, subsequent apex court decisions were considered. The Division Bench emphasized vested rights in forum selection and conflicting rulings on the Commissioner's jurisdiction. Ultimately, the Division Bench ruled in favor of the Revenue, stating that the Inspecting Assistant Commissioner retained jurisdiction over pending matters despite the amendment, contradicting prior decisions. en-us Sat, 18 Dec 1999 00:00:00 +0530 Mon, 03 Aug 2009 18:54:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15247 The Division Bench reviewed a case regarding the jurisdiction of the Inspecting Assistant Commissioner to impose penalties post-amendment under the Income-tax Act, 1961. While the Tribunal initially found the Commissioner lacked jurisdiction, subsequent apex court decisions were considered. The Division Bench emphasized vested rights in forum selection and conflicting rulings on the Commissioner's jurisdiction. Ultimately, the Division Bench ruled in favor of the Revenue, stating that the Inspecting Assistant Commissioner retained jurisdiction over pending matters despite the amendment, contradicting prior decisions. Case-Laws Income Tax Sat, 18 Dec 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15247