https://www.taxtmi.com/caselaws?id=24385 The court upheld the jurisdiction of the Inspecting Assistant Commissioner to levy a penalty under section 271(1)(c) of the Income-tax Act, 1961, despite the deletion of section 274(2) of the Act by the Taxation Laws (Amendment) Act, 1975. Relying on the decision in CIT v. Mohinder Lal [1987] 168 ITR 101, the court determined that the initiation of penalty proceedings before the amendment was valid, and the Inspecting Assistant Commissioner had the authority to impose the penalty. The court rejected a request for reconsideration based on a conflicting view from another High Court and ruled in favor of the Revenue, denying the assessee's appeal without costs. en-us Fri, 02 Dec 1988 00:00:00 +0530 Tue, 19 Jan 2010 16:01:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24385 The court upheld the jurisdiction of the Inspecting Assistant Commissioner to levy a penalty under section 271(1)(c) of the Income-tax Act, 1961, despite the deletion of section 274(2) of the Act by the Taxation Laws (Amendment) Act, 1975. Relying on the decision in CIT v. Mohinder Lal [1987] 168 ITR 101, the court determined that the initiation of penalty proceedings before the amendment was valid, and the Inspecting Assistant Commissioner had the authority to impose the penalty. The court rejected a request for reconsideration based on a conflicting view from another High Court and ruled in favor of the Revenue, denying the assessee's appeal without costs. Case-Laws Income Tax Fri, 02 Dec 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24385