https://www.taxtmi.com/caselaws?id=28543 Where the limitation period for imposing penalty was still running on 1 April 1971, the amended section 275 of the Income-tax Act, as enlarged by section 50 of the Taxation Laws (Amendment) Act, 1970, governed the pending proceeding. The High Court applied the principle that an amendment extending limitation applies when the original period has not expired on the date the amendment takes effect. On that basis, the penalty order was held not to be barred by limitation and the referred question was answered against the assessee. en-us Tue, 21 Oct 1980 00:00:00 +0530 Tue, 23 Feb 2010 15:27:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28543 Where the limitation period for imposing penalty was still running on 1 April 1971, the amended section 275 of the Income-tax Act, as enlarged by section 50 of the Taxation Laws (Amendment) Act, 1970, governed the pending proceeding. The High Court applied the principle that an amendment extending limitation applies when the original period has not expired on the date the amendment takes effect. On that basis, the penalty order was held not to be barred by limitation and the referred question was answered against the assessee. Case-Laws Income Tax Tue, 21 Oct 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28543