https://www.taxtmi.com/caselaws?id=26170 Penalty for concealment under section 271(1)(c) is governed by the law in force on the date of the wrongful act, namely the filing of the original return, and not by the law applicable when penalty proceedings are initiated. Relying on Brij Mohan v. CIT, the text states that the relevant date is when concealment, if any, occurred, so the penalty must be assessed with reference to the legal position then prevailing. The contrary approach, which tied liability to the initiation of penalty proceedings, was rejected, leaving the assessee's position accepted on this point. en-us Fri, 09 Aug 1985 00:00:00 +0530 Wed, 03 Feb 2010 12:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26170 Penalty for concealment under section 271(1)(c) is governed by the law in force on the date of the wrongful act, namely the filing of the original return, and not by the law applicable when penalty proceedings are initiated. Relying on Brij Mohan v. CIT, the text states that the relevant date is when concealment, if any, occurred, so the penalty must be assessed with reference to the legal position then prevailing. The contrary approach, which tied liability to the initiation of penalty proceedings, was rejected, leaving the assessee's position accepted on this point. Case-Laws Income Tax Fri, 09 Aug 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26170