https://www.taxtmi.com/caselaws?id=25391 The High Court held that the Tribunal erred in assessing the Inspecting Assistant Commissioner's jurisdiction solely based on the penalty imposition date. The correct approach is to consider the date of reference by the Income-tax Officer. The Tribunal's decision was overturned, emphasizing the importance of the reference date over the penalty initiation date. The case highlights that references made after April 1, 1976, are invalid, necessitating a fresh evaluation by the Tribunal based on the reference date to determine the Inspecting Assistant Commissioner's jurisdiction to levy penalties under section 271(1)(c) of the Income-tax Act, 1961. en-us Fri, 07 Aug 1987 00:00:00 +0530 Thu, 28 Jan 2010 12:57:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25391 The High Court held that the Tribunal erred in assessing the Inspecting Assistant Commissioner's jurisdiction solely based on the penalty imposition date. The correct approach is to consider the date of reference by the Income-tax Officer. The Tribunal's decision was overturned, emphasizing the importance of the reference date over the penalty initiation date. The case highlights that references made after April 1, 1976, are invalid, necessitating a fresh evaluation by the Tribunal based on the reference date to determine the Inspecting Assistant Commissioner's jurisdiction to levy penalties under section 271(1)(c) of the Income-tax Act, 1961. Case-Laws Income Tax Fri, 07 Aug 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25391