https://www.taxtmi.com/caselaws?id=23974 Penalty for concealment under section 271(1)(c) is determined by reference to the date when the original return was filed, because the wrongful act is complete at that point and the governing law is the law then in force. A return filed later in response to notice under section 148 does not shift the relevant date for applying the penalty provision. Accordingly, the amended law effective from 1 April 1968 was inapplicable where the original return preceded that date, and penalty had to be considered under the earlier law. en-us Tue, 11 Jul 1989 00:00:00 +0530 Fri, 15 Jan 2010 15:26:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23974 Penalty for concealment under section 271(1)(c) is determined by reference to the date when the original return was filed, because the wrongful act is complete at that point and the governing law is the law then in force. A return filed later in response to notice under section 148 does not shift the relevant date for applying the penalty provision. Accordingly, the amended law effective from 1 April 1968 was inapplicable where the original return preceded that date, and penalty had to be considered under the earlier law. Case-Laws Income Tax Tue, 11 Jul 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23974