https://www.taxtmi.com/caselaws?id=27807 Penalty for concealment is governed by the law in force on the date the relevant return is filed, not by the law applicable to the assessment year. Where the last return was filed after the amendment taking effect from 1 April 1968, the enhanced penalty scale could apply even if the assessment year related to an earlier period. The earlier assessment year did not determine the quantum once the operative return was filed under the amended regime, and the Tribunal was in applying the pre-amendment law. en-us Mon, 16 Apr 1984 00:00:00 +0530 Tue, 16 Feb 2010 11:50:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27807 Penalty for concealment is governed by the law in force on the date the relevant return is filed, not by the law applicable to the assessment year. Where the last return was filed after the amendment taking effect from 1 April 1968, the enhanced penalty scale could apply even if the assessment year related to an earlier period. The earlier assessment year did not determine the quantum once the operative return was filed under the amended regime, and the Tribunal was in applying the pre-amendment law. Case-Laws Income Tax Mon, 16 Apr 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27807