https://www.taxtmi.com/caselaws?id=36241 After the amendment to section 274(2) of the Income-tax Act, jurisdiction to impose penalty for concealment or furnishing of inaccurate particulars up to Rs. 25,000 vested in the Income-tax Officer alone. The commentary notes that the earlier limitation issue was treated as academic because it had already been decided in favour of the department. On the live jurisdictional question, the controlling view applied was that the Inspecting Assistant Commissioner no longer retained authority to pass the penalty order. en-us Fri, 19 May 1978 00:00:00 +0530 Sat, 20 Mar 2010 12:16:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36241 After the amendment to section 274(2) of the Income-tax Act, jurisdiction to impose penalty for concealment or furnishing of inaccurate particulars up to Rs. 25,000 vested in the Income-tax Officer alone. The commentary notes that the earlier limitation issue was treated as academic because it had already been decided in favour of the department. On the live jurisdictional question, the controlling view applied was that the Inspecting Assistant Commissioner no longer retained authority to pass the penalty order. Case-Laws Income Tax Fri, 19 May 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36241