https://www.taxtmi.com/caselaws?id=21663 The High Court affirmed the Income-tax Appellate Tribunal's decision regarding the jurisdiction to levy penalties under section 271(1)(c) of the Income-tax Act, 1961. The court held that post the 1970 amendment to section 274, the Income-tax Officer had the authority to impose penalties for concealment amounts below Rs. 25,000. Consequently, the court ruled in favor of the Department, granting costs to the respondent and emphasizing the importance of procedural provisions and statutory amendments in determining the appropriate authority for penalty imposition. en-us Thu, 13 Feb 1992 00:00:00 +0530 Thu, 26 Nov 2009 14:00:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21663 The High Court affirmed the Income-tax Appellate Tribunal's decision regarding the jurisdiction to levy penalties under section 271(1)(c) of the Income-tax Act, 1961. The court held that post the 1970 amendment to section 274, the Income-tax Officer had the authority to impose penalties for concealment amounts below Rs. 25,000. Consequently, the court ruled in favor of the Department, granting costs to the respondent and emphasizing the importance of procedural provisions and statutory amendments in determining the appropriate authority for penalty imposition. Case-Laws Income Tax Thu, 13 Feb 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21663