https://www.taxtmi.com/caselaws?id=28741 The High Court of Allahabad invalidated a penalty imposed under section 271(1)(c) of the Income Tax Act, ruling in favor of the assessee. The court emphasized the importance of jurisdiction and the impact of legislative amendments on penalty imposition. It held that the Income-tax Appellate Commissioner's jurisdiction to impose the penalty post the 1976 amendment was invalid, rendering the subsequent order null. The court dismissed the argument that the jurisdiction issue was not raised before the Tribunal, stating that changes in law can be considered even in a reference, ultimately awarding costs to the assessee. en-us Wed, 02 Feb 1983 00:00:00 +0530 Thu, 25 Feb 2010 13:02:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28741 The High Court of Allahabad invalidated a penalty imposed under section 271(1)(c) of the Income Tax Act, ruling in favor of the assessee. The court emphasized the importance of jurisdiction and the impact of legislative amendments on penalty imposition. It held that the Income-tax Appellate Commissioner's jurisdiction to impose the penalty post the 1976 amendment was invalid, rendering the subsequent order null. The court dismissed the argument that the jurisdiction issue was not raised before the Tribunal, stating that changes in law can be considered even in a reference, ultimately awarding costs to the assessee. Case-Laws Income Tax Wed, 02 Feb 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28741