https://www.taxtmi.com/caselaws?id=25714 The court held in favor of the Revenue, affirming that the authority competent to levy penalty under section 271(1)(c) of the Income-tax Act should be determined based on the law applicable at the time of concealment detection and initiation of penal proceedings, not the date of return filing. The judgment emphasized that the date of concealment, not the date of assessment or penalty order, determined the competent authority for penalty imposition, in line with established precedents. en-us Tue, 20 Jan 1987 00:00:00 +0530 Sat, 30 Jan 2010 13:33:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25714 The court held in favor of the Revenue, affirming that the authority competent to levy penalty under section 271(1)(c) of the Income-tax Act should be determined based on the law applicable at the time of concealment detection and initiation of penal proceedings, not the date of return filing. The judgment emphasized that the date of concealment, not the date of assessment or penalty order, determined the competent authority for penalty imposition, in line with established precedents. Case-Laws Income Tax Tue, 20 Jan 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25714