https://www.taxtmi.com/caselaws?id=22213 The High Court of Rajasthan determined that the Inspecting Assistant Commissioner could levy penalties under section 271(1)(c) of the Income-tax Act post-April 1, 1976, only if the reference was made before that date. If the reference was not made before April 1, 1976, the penalty orders would be void. The court emphasized that the date of reference to the Inspecting Assistant Commissioner was crucial in establishing jurisdiction for imposing penalties. Consequently, the court held that the penalty orders for the assessment years 1972-73 and 1973-74 were void as no reference was made before April 1, 1976. No costs were awarded in this case. en-us Tue, 10 Jul 1990 00:00:00 +0530 Tue, 08 Dec 2009 11:30:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22213 The High Court of Rajasthan determined that the Inspecting Assistant Commissioner could levy penalties under section 271(1)(c) of the Income-tax Act post-April 1, 1976, only if the reference was made before that date. If the reference was not made before April 1, 1976, the penalty orders would be void. The court emphasized that the date of reference to the Inspecting Assistant Commissioner was crucial in establishing jurisdiction for imposing penalties. Consequently, the court held that the penalty orders for the assessment years 1972-73 and 1973-74 were void as no reference was made before April 1, 1976. No costs were awarded in this case. Case-Laws Income Tax Tue, 10 Jul 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22213