https://www.taxtmi.com/caselaws?id=24325 The High Court of PUNJAB AND HARYANA upheld the imposition of penalties under section 271(1)(c) of the Income-tax Act, 1961 for the assessment years 1967-68 and 1968-69. The court dismissed the claims of limitation raised by the assessee, affirming that the penalties were not time-barred. Additionally, the court ruled in favor of the Revenue, confirming the valid jurisdiction of the Inspecting Assistant Commissioner to levy penalties under the specified section. The judgment provides clarity on penalty imposition and jurisdiction, ensuring compliance with tax laws. en-us Tue, 10 Jan 1989 00:00:00 +0530 Tue, 19 Jan 2010 12:42:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24325 The High Court of PUNJAB AND HARYANA upheld the imposition of penalties under section 271(1)(c) of the Income-tax Act, 1961 for the assessment years 1967-68 and 1968-69. The court dismissed the claims of limitation raised by the assessee, affirming that the penalties were not time-barred. Additionally, the court ruled in favor of the Revenue, confirming the valid jurisdiction of the Inspecting Assistant Commissioner to levy penalties under the specified section. The judgment provides clarity on penalty imposition and jurisdiction, ensuring compliance with tax laws. Case-Laws Income Tax Tue, 10 Jan 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24325