https://www.taxtmi.com/caselaws?id=25739 A valid reference for penalty proceedings made while section 274(2) was still in force conferred jurisdiction on the Inspecting Assistant Commissioner to levy penalty under section 271(1)(c). The High Court held that no prescribed statutory form of reference was required, and a reference made on 11 September 1975 remained effective even after section 274(2) was deleted from 1 April 1976. The later deletion did not invalidate a reference validly made under the law then prevailing, so the jurisdiction already attracted by that reference continued. The question was answered in the affirmative, against the assessee. en-us Thu, 14 Aug 1986 00:00:00 +0530 Sat, 30 Jan 2010 15:45:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25739 A valid reference for penalty proceedings made while section 274(2) was still in force conferred jurisdiction on the Inspecting Assistant Commissioner to levy penalty under section 271(1)(c). The High Court held that no prescribed statutory form of reference was required, and a reference made on 11 September 1975 remained effective even after section 274(2) was deleted from 1 April 1976. The later deletion did not invalidate a reference validly made under the law then prevailing, so the jurisdiction already attracted by that reference continued. The question was answered in the affirmative, against the assessee. Case-Laws Income Tax Thu, 14 Aug 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25739