https://www.taxtmi.com/caselaws?id=18337 The High Court held that the Inspecting Assistant Commissioner had jurisdiction to levy a penalty under section 271(1)(c) on March 30, 1977, despite the amendment to the law. The Tribunal's cancellation of the penalty based on jurisdiction was deemed incorrect, as the penalty was found to be justified due to the behavior of the assessee. The High Court declined to direct the Tribunal to reconsider the penalty appeal on the merits, as the assessee had not filed any reference application against the levy of penalty on the merits. en-us Tue, 10 Oct 1995 00:00:00 +0530 Wed, 30 Sep 2009 12:34:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18337 The High Court held that the Inspecting Assistant Commissioner had jurisdiction to levy a penalty under section 271(1)(c) on March 30, 1977, despite the amendment to the law. The Tribunal's cancellation of the penalty based on jurisdiction was deemed incorrect, as the penalty was found to be justified due to the behavior of the assessee. The High Court declined to direct the Tribunal to reconsider the penalty appeal on the merits, as the assessee had not filed any reference application against the levy of penalty on the merits. Case-Laws Income Tax Tue, 10 Oct 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18337