https://www.taxtmi.com/caselaws?id=15575 A reference made to the Inspecting Assistant Commissioner before the Taxation Laws (Amendment) Act, 1975 took effect did not divest jurisdiction to continue penalty proceedings under section 271(1)(c) of the Income-tax Act, 1961. The prior reference preserved authority to proceed and pass orders according to law, and the Tribunal's contrary view based on the intervening amendment could not stand. The jurisdictional objection was rejected, the question was answered against the assessee and in favour of the Revenue, and the penalty matter was remitted to the Tribunal for decision on merits. en-us Tue, 18 Nov 1997 00:00:00 +0530 Wed, 26 Aug 2009 11:06:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15575 A reference made to the Inspecting Assistant Commissioner before the Taxation Laws (Amendment) Act, 1975 took effect did not divest jurisdiction to continue penalty proceedings under section 271(1)(c) of the Income-tax Act, 1961. The prior reference preserved authority to proceed and pass orders according to law, and the Tribunal's contrary view based on the intervening amendment could not stand. The jurisdictional objection was rejected, the question was answered against the assessee and in favour of the Revenue, and the penalty matter was remitted to the Tribunal for decision on merits. Case-Laws Income Tax Tue, 18 Nov 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15575