https://www.taxtmi.com/caselaws?id=26195 The Karnataka HC considered whether a penalty under section 271(1)(c) could validly be imposed by the Inspecting Assistant Commissioner after the amendment to section 274(2) of the Income-tax Act had come into force. The Tribunal had held that, although the matter had been referred earlier, the actual levy occurred after the jurisdictional amendment and was therefore without authority. The Court followed its earlier ruling on the same point and held that once the amended provision had taken effect before the penalty was levied, the officer lacked jurisdiction to impose it. The cancellation of the penalty was upheld and the issue was answered against the Department. en-us Mon, 11 Jun 1984 00:00:00 +0530 Wed, 03 Feb 2010 13:34:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26195 The Karnataka HC considered whether a penalty under section 271(1)(c) could validly be imposed by the Inspecting Assistant Commissioner after the amendment to section 274(2) of the Income-tax Act had come into force. The Tribunal had held that, although the matter had been referred earlier, the actual levy occurred after the jurisdictional amendment and was therefore without authority. The Court followed its earlier ruling on the same point and held that once the amended provision had taken effect before the penalty was levied, the officer lacked jurisdiction to impose it. The cancellation of the penalty was upheld and the issue was answered against the Department. Case-Laws Income Tax Mon, 11 Jun 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26195