https://www.taxtmi.com/caselaws?id=26137 The court upheld the Tribunal's decisions in favor of the Revenue, answering all three questions in the affirmative. It confirmed the retrospective applicability of the amended procedural provisions of Section 275 of the Income-tax Act, 1961, allowing penalty proceedings to be completed within two years of initiation. The court also held that the Income-tax Act amendments did apply to penalty proceedings of the relevant year and placed the burden of proof on the assessee to demonstrate reasonable cause for delay in filing the return. en-us Fri, 22 Nov 1985 00:00:00 +0530 Wed, 03 Feb 2010 10:42:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26137 The court upheld the Tribunal's decisions in favor of the Revenue, answering all three questions in the affirmative. It confirmed the retrospective applicability of the amended procedural provisions of Section 275 of the Income-tax Act, 1961, allowing penalty proceedings to be completed within two years of initiation. The court also held that the Income-tax Act amendments did apply to penalty proceedings of the relevant year and placed the burden of proof on the assessee to demonstrate reasonable cause for delay in filing the return. Case-Laws Income Tax Fri, 22 Nov 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26137