https://www.taxtmi.com/caselaws?id=289586 Section 28 of the Income-tax Act, 1922 allows penalty proceedings where the authority forms satisfaction about concealment or inaccurate particulars during the course of assessment or appellate proceedings. The provision does not require the show-cause notice to be served before assessment is completed; it is enough that the assessee is given a reasonable opportunity of being heard before the penalty order is made. On that construction, the notice was not invalid for being issued after completion of assessment, and the penalty was upheld as lawfully imposed. en-us Mon, 17 Jan 1944 00:00:00 +0630 Mon, 19 Jul 2021 14:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289586 Section 28 of the Income-tax Act, 1922 allows penalty proceedings where the authority forms satisfaction about concealment or inaccurate particulars during the course of assessment or appellate proceedings. The provision does not require the show-cause notice to be served before assessment is completed; it is enough that the assessee is given a reasonable opportunity of being heard before the penalty order is made. On that construction, the notice was not invalid for being issued after completion of assessment, and the penalty was upheld as lawfully imposed. Case-Laws Income Tax Mon, 17 Jan 1944 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=289586