https://www.taxtmi.com/caselaws?id=17728 The High Court held that the Income-tax Officer had jurisdiction to levy a penalty under section 271(1)(c) of the Income-tax Act, 1961, emphasizing that the penalty should be imposed based on the law applicable at the time of the offense. The court directed the Tribunal to reconsider the appeal on its merits, denying the assessee's argument that only the Inspecting Assistant Commissioner had the authority to impose the penalty. Ultimately, the jurisdiction issue was resolved in favor of the Department, with no costs awarded in the case. en-us Tue, 09 Jan 1996 00:00:00 +0530 Thu, 24 Sep 2009 13:29:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17728 The High Court held that the Income-tax Officer had jurisdiction to levy a penalty under section 271(1)(c) of the Income-tax Act, 1961, emphasizing that the penalty should be imposed based on the law applicable at the time of the offense. The court directed the Tribunal to reconsider the appeal on its merits, denying the assessee's argument that only the Inspecting Assistant Commissioner had the authority to impose the penalty. Ultimately, the jurisdiction issue was resolved in favor of the Department, with no costs awarded in the case. Case-Laws Income Tax Tue, 09 Jan 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17728