https://www.taxtmi.com/caselaws?id=21622 The High Court of Allahabad held that the Inspecting Assistant Commissioner lacked jurisdiction to impose a penalty under section 271(1)(c) of the Income-tax Act, 1961, following an amendment introduced by the Taxation Laws (Amendment) Act, 1975. The court referred to case law precedents and legislative intent, concluding that the penalty order issued post-amendment was without jurisdiction. Upholding the decision of the Income-tax Appellate Tribunal, the court ruled in favor of the assessee, awarding costs of Rs. 250 and affirming that the Inspecting Assistant Commissioner's penalty order was invalid. en-us Sat, 04 May 1991 00:00:00 +0530 Sat, 03 Dec 2016 16:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21622 The High Court of Allahabad held that the Inspecting Assistant Commissioner lacked jurisdiction to impose a penalty under section 271(1)(c) of the Income-tax Act, 1961, following an amendment introduced by the Taxation Laws (Amendment) Act, 1975. The court referred to case law precedents and legislative intent, concluding that the penalty order issued post-amendment was without jurisdiction. Upholding the decision of the Income-tax Appellate Tribunal, the court ruled in favor of the assessee, awarding costs of Rs. 250 and affirming that the Inspecting Assistant Commissioner's penalty order was invalid. Case-Laws Income Tax Sat, 04 May 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21622