https://www.taxtmi.com/caselaws?id=29404 The High Court of Rajasthan ruled that penalties for defaults under section 18(1)(a) of the Income Tax Act should be calculated based on the law in force at the time of the default's commission, following the Supreme Court's decision in CWT v. Suresh Seth [1981] 129 ITR 328. The court emphasized that penalties cannot be retroactively enhanced for crimes but may be increased by subsequent legislation if expressly provided. The judgment clarified that not every act or omission constitutes a continuing wrong unless specified by the legislature, and a singular default occurs upon the deadline's expiration. Each party bore their own costs in the disposition of the reference. en-us Fri, 15 Jan 1982 00:00:00 +0530 Fri, 12 Mar 2010 15:54:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29404 The High Court of Rajasthan ruled that penalties for defaults under section 18(1)(a) of the Income Tax Act should be calculated based on the law in force at the time of the default's commission, following the Supreme Court's decision in CWT v. Suresh Seth [1981] 129 ITR 328. The court emphasized that penalties cannot be retroactively enhanced for crimes but may be increased by subsequent legislation if expressly provided. The judgment clarified that not every act or omission constitutes a continuing wrong unless specified by the legislature, and a singular default occurs upon the deadline's expiration. Each party bore their own costs in the disposition of the reference. Case-Laws Wealth-tax Fri, 15 Jan 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29404