https://www.taxtmi.com/caselaws?id=27744 The court ruled in favor of the assessee, holding that the penalties imposed by the Inspecting Assistant Commissioner were without jurisdiction. The court emphasized that the minimum penalty imposable should align with the law prevailing on the date of filing the original return, not subsequent events. The judgment upheld the Income-tax Appellate Tribunal's decision, stating that penalties below Rs. 1,000 fell within the jurisdiction of the Income Tax Officer, not the Inspecting Assistant Commissioner. en-us Thu, 26 May 1983 00:00:00 +0530 Mon, 15 Feb 2010 17:17:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27744 The court ruled in favor of the assessee, holding that the penalties imposed by the Inspecting Assistant Commissioner were without jurisdiction. The court emphasized that the minimum penalty imposable should align with the law prevailing on the date of filing the original return, not subsequent events. The judgment upheld the Income-tax Appellate Tribunal's decision, stating that penalties below Rs. 1,000 fell within the jurisdiction of the Income Tax Officer, not the Inspecting Assistant Commissioner. Case-Laws Income Tax Thu, 26 May 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27744