https://www.taxtmi.com/caselaws?id=28215 The court ruled in favor of the Revenue, stating that the penalty for the assessment year 1967-68 should be determined based on the law effective when the return was filed after April 1, 1968, not the assessment year. The court found the Tribunal's decision legally incorrect, emphasizing that penalty provisions should align with the law at the time of the infringement. The court answered the reference question in the negative, supporting the Revenue's position and disagreed with the Tribunal's interpretation of penalty provisions. No costs were awarded due to special circumstances. en-us Fri, 17 Dec 1982 00:00:00 +0530 Fri, 19 Feb 2010 17:10:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28215 The court ruled in favor of the Revenue, stating that the penalty for the assessment year 1967-68 should be determined based on the law effective when the return was filed after April 1, 1968, not the assessment year. The court found the Tribunal's decision legally incorrect, emphasizing that penalty provisions should align with the law at the time of the infringement. The court answered the reference question in the negative, supporting the Revenue's position and disagreed with the Tribunal's interpretation of penalty provisions. No costs were awarded due to special circumstances. Case-Laws Income Tax Fri, 17 Dec 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28215