https://www.taxtmi.com/caselaws?id=36872 The High Court of Kerala ruled that the amended provision of Section 275 of the Income-tax Act, extending the time limit for penalty proceedings, applies retrospectively to cases initiated before the amendment. The court emphasized the procedural nature of the amendment and upheld the penalty imposed on a registered firm engaged in commission agency in tea, despite the firm's argument against the penalty. The court determined that the amendment governed penalty proceedings, even if initiated prior to the change, based on the law's language and intent, ultimately ruling in favor of the revenue and against the assessee. en-us Thu, 19 Oct 1978 00:00:00 +0530 Thu, 25 Mar 2010 11:35:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36872 The High Court of Kerala ruled that the amended provision of Section 275 of the Income-tax Act, extending the time limit for penalty proceedings, applies retrospectively to cases initiated before the amendment. The court emphasized the procedural nature of the amendment and upheld the penalty imposed on a registered firm engaged in commission agency in tea, despite the firm's argument against the penalty. The court determined that the amendment governed penalty proceedings, even if initiated prior to the change, based on the law's language and intent, ultimately ruling in favor of the revenue and against the assessee. Case-Laws Income Tax Thu, 19 Oct 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36872