https://www.taxtmi.com/caselaws?id=17453 The High Court ruled that the Inspecting Assistant Commissioner retained jurisdiction to impose a penalty under section 271(1)(c) even after the amendment of the Taxation Laws Act in 1975. The Court held that the amendment did not strip the Commissioner of jurisdiction once already seized of the matter, citing a Supreme Court decision. Consequently, the penalty imposed by the Inspecting Assistant Commissioner was upheld, emphasizing the significance of legal principles and precedents in maintaining the authority of tax officials post-amendments. en-us Tue, 18 Jun 1996 00:00:00 +0530 Tue, 22 Sep 2009 14:16:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17453 The High Court ruled that the Inspecting Assistant Commissioner retained jurisdiction to impose a penalty under section 271(1)(c) even after the amendment of the Taxation Laws Act in 1975. The Court held that the amendment did not strip the Commissioner of jurisdiction once already seized of the matter, citing a Supreme Court decision. Consequently, the penalty imposed by the Inspecting Assistant Commissioner was upheld, emphasizing the significance of legal principles and precedents in maintaining the authority of tax officials post-amendments. Case-Laws Income Tax Tue, 18 Jun 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17453