https://www.taxtmi.com/caselaws?id=23046 The court ruled in favor of the petitioner, a firm, in a tax penalty dispute. The court held that the penalty should be based on the law in force when the original return was filed in 1964, not when a duplicate return was submitted in 1969. The court emphasized that the penalty should align with the law applicable at the time of the offense of concealment. The petitioner's challenge to the rate of penalty imposed under section 271(1)(c) was upheld, directing the officer to recompute the penalty based on the provisions in place at the time of filing the original return. en-us Tue, 13 Dec 1988 00:00:00 +0530 Wed, 16 Dec 2009 13:15:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23046 The court ruled in favor of the petitioner, a firm, in a tax penalty dispute. The court held that the penalty should be based on the law in force when the original return was filed in 1964, not when a duplicate return was submitted in 1969. The court emphasized that the penalty should align with the law applicable at the time of the offense of concealment. The petitioner's challenge to the rate of penalty imposed under section 271(1)(c) was upheld, directing the officer to recompute the penalty based on the provisions in place at the time of filing the original return. Case-Laws Income Tax Tue, 13 Dec 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23046