https://www.taxtmi.com/caselaws?id=28603 For penalty proceedings initiated before 1 April 1971 but still pending on that date, the amended section 275 of the Income-tax Act, 1961 applied where the limitation period had not expired. The amendment enlarged the time-limit for passing penalty orders, and the pending proceedings were governed by the revised provision. As a result, a penalty order passed after two years from the assessment order was not barred merely on that ground, because the amended limitation period controlled the case. en-us Thu, 07 Feb 1980 00:00:00 +0530 Wed, 24 Feb 2010 11:03:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28603 For penalty proceedings initiated before 1 April 1971 but still pending on that date, the amended section 275 of the Income-tax Act, 1961 applied where the limitation period had not expired. The amendment enlarged the time-limit for passing penalty orders, and the pending proceedings were governed by the revised provision. As a result, a penalty order passed after two years from the assessment order was not barred merely on that ground, because the amended limitation period controlled the case. Case-Laws Income Tax Thu, 07 Feb 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28603