https://www.taxtmi.com/caselaws?id=21760 An adjudicating authority must possess jurisdiction on the date of the final penalty order, not merely when penalty proceedings are initiated. After the Taxation Laws (Amendment) Act, 1975 withdrew the Inspecting Assistant Commissioner's power under section 274(2) with effect from 1 April 1976, pending references could not be completed by that authority under section 271(1)(c). The proper authority to impose penalty after the amendment was the Income-tax Officer, so the earlier referring authority could not validly conclude the matter once its jurisdiction had been removed. en-us Fri, 19 Apr 1991 00:00:00 +0530 Sat, 28 Nov 2009 15:24:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21760 An adjudicating authority must possess jurisdiction on the date of the final penalty order, not merely when penalty proceedings are initiated. After the Taxation Laws (Amendment) Act, 1975 withdrew the Inspecting Assistant Commissioner's power under section 274(2) with effect from 1 April 1976, pending references could not be completed by that authority under section 271(1)(c). The proper authority to impose penalty after the amendment was the Income-tax Officer, so the earlier referring authority could not validly conclude the matter once its jurisdiction had been removed. Case-Laws Income Tax Fri, 19 Apr 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21760