https://www.taxtmi.com/caselaws?id=25138 The High Court of Rajasthan ruled in favor of the Revenue, overturning the Tribunal's decision on jurisdiction regarding the Inspecting Assistant Commissioner's authority to impose penalties under the Income-tax Act, 1961. The Court emphasized that the crucial factor for jurisdiction is the date of reference by the Income-tax Officer to the Inspecting Assistant Commissioner, not the initiation of penalty proceedings. References made before April 1, 1976, were deemed valid, granting the Commissioner jurisdiction to decide on penalties. The Court directed the Tribunal to reconsider the matter based on its merits. en-us Thu, 20 Aug 1987 00:00:00 +0530 Mon, 25 Jan 2010 16:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25138 The High Court of Rajasthan ruled in favor of the Revenue, overturning the Tribunal's decision on jurisdiction regarding the Inspecting Assistant Commissioner's authority to impose penalties under the Income-tax Act, 1961. The Court emphasized that the crucial factor for jurisdiction is the date of reference by the Income-tax Officer to the Inspecting Assistant Commissioner, not the initiation of penalty proceedings. References made before April 1, 1976, were deemed valid, granting the Commissioner jurisdiction to decide on penalties. The Court directed the Tribunal to reconsider the matter based on its merits. Case-Laws Income Tax Thu, 20 Aug 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25138