https://www.taxtmi.com/caselaws?id=26348 The court held that the Income-tax Officer had jurisdiction to impose penalties under section 274(2) of the Income-tax Act, 1961, for the assessment years 1966-67 to 1969-70, following the amendment in 1970. The amendment transferred penalty imposition authority to the Income-tax Officer from the Inspecting Assistant Commissioner, effective April 1, 1971. Relying on precedent, the court emphasized that the assessee had no vested right to demand a specific officer for penalty proceedings post-amendment. The decision favored the Department, affirming the Income-tax Officer's jurisdiction to impose penalties, with costs awarded to the Department. en-us Tue, 09 Sep 1986 00:00:00 +0530 Thu, 04 Feb 2010 13:14:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26348 The court held that the Income-tax Officer had jurisdiction to impose penalties under section 274(2) of the Income-tax Act, 1961, for the assessment years 1966-67 to 1969-70, following the amendment in 1970. The amendment transferred penalty imposition authority to the Income-tax Officer from the Inspecting Assistant Commissioner, effective April 1, 1971. Relying on precedent, the court emphasized that the assessee had no vested right to demand a specific officer for penalty proceedings post-amendment. The decision favored the Department, affirming the Income-tax Officer's jurisdiction to impose penalties, with costs awarded to the Department. Case-Laws Income Tax Tue, 09 Sep 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26348