https://www.taxtmi.com/caselaws?id=25742 The High Court of Patna ruled in favor of the Revenue in a case concerning penalty rates under section 271(1)(c) of the Income-tax Act for assessment years 1966-67 and 1967-68. The court upheld the imposition of penalties by the Income-tax Officer based on rates effective from April 1, 1968, aligning with the law in force when penalty proceedings were initiated. The decision was in line with previous Full Bench and Supreme Court rulings, resulting in the dismissal of the assessee's challenge. Judge Uday Sinha concurred with Judge B. N. Agarwal's judgment. en-us Wed, 13 May 1987 00:00:00 +0530 Sat, 30 Jan 2010 16:02:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25742 The High Court of Patna ruled in favor of the Revenue in a case concerning penalty rates under section 271(1)(c) of the Income-tax Act for assessment years 1966-67 and 1967-68. The court upheld the imposition of penalties by the Income-tax Officer based on rates effective from April 1, 1968, aligning with the law in force when penalty proceedings were initiated. The decision was in line with previous Full Bench and Supreme Court rulings, resulting in the dismissal of the assessee's challenge. Judge Uday Sinha concurred with Judge B. N. Agarwal's judgment. Case-Laws Income Tax Wed, 13 May 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25742