https://www.taxtmi.com/caselaws?id=28878 A pending assessment validly initiated under the Indian Income-tax Act, 1922 could be completed after 1 April 1962 where the notice had been issued before repeal and the proceedings remained pending, because section 297(2) of the 1961 Act did not show a contrary intention sufficient to displace section 6 of the General Clauses Act, 1897. An appellate authority in section 27 proceedings could not invalidate that assessment on the basis that the old Act had ceased to apply. Penalties cancelled under section 271(1)(a) and section 273(a) could not stand where the cancellation rested solely on the mistaken view that the assessment was invalid, though the merits of penalty imposition remained to be examined according to law. en-us Thu, 12 Mar 1981 00:00:00 +0530 Mon, 08 Mar 2010 13:00:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28878 A pending assessment validly initiated under the Indian Income-tax Act, 1922 could be completed after 1 April 1962 where the notice had been issued before repeal and the proceedings remained pending, because section 297(2) of the 1961 Act did not show a contrary intention sufficient to displace section 6 of the General Clauses Act, 1897. An appellate authority in section 27 proceedings could not invalidate that assessment on the basis that the old Act had ceased to apply. Penalties cancelled under section 271(1)(a) and section 273(a) could not stand where the cancellation rested solely on the mistaken view that the assessment was invalid, though the merits of penalty imposition remained to be examined according to law. Case-Laws Income Tax Thu, 12 Mar 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28878