https://www.taxtmi.com/caselaws?id=26751 The High Court held that the Inspecting Assistant Commissioner lacked jurisdiction to impose a penalty under section 271(1)(c) due to an invalid reference made after the deletion of section 274(2) by the Taxation Laws (Amendment) Act, 1975. The court ruled in favor of the assessee, deeming the penalty order as legally flawed. Each party was directed to bear their own costs in the matter. en-us Mon, 09 Jan 1984 00:00:00 +0530 Mon, 08 Feb 2010 12:43:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26751 The High Court held that the Inspecting Assistant Commissioner lacked jurisdiction to impose a penalty under section 271(1)(c) due to an invalid reference made after the deletion of section 274(2) by the Taxation Laws (Amendment) Act, 1975. The court ruled in favor of the assessee, deeming the penalty order as legally flawed. Each party was directed to bear their own costs in the matter. Case-Laws Income Tax Mon, 09 Jan 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26751