https://www.taxtmi.com/caselaws?id=19063 HC held that the show-cause notice for the assessment year 1967-68 was vitiated by vagueness and non-application of mind, causing prejudice to the assessee's right of hearing, and the penalty proceedings for that year were quashed. The court upheld penalty orders for 1968-69 and 1969-70, finding the ITO had jurisdiction after the amendment to the law, so those penalties were valid. The court applied the principle that the law in force at the initiation of penalty proceedings governs their validity. en-us Tue, 14 Jan 1992 00:00:00 +0530 Fri, 24 Oct 2025 18:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19063 HC held that the show-cause notice for the assessment year 1967-68 was vitiated by vagueness and non-application of mind, causing prejudice to the assessee's right of hearing, and the penalty proceedings for that year were quashed. The court upheld penalty orders for 1968-69 and 1969-70, finding the ITO had jurisdiction after the amendment to the law, so those penalties were valid. The court applied the principle that the law in force at the initiation of penalty proceedings governs their validity. Case-Laws Income Tax Tue, 14 Jan 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19063