https://www.taxtmi.com/caselaws?id=36961 The High Court affirmed the Income-tax Appellate Tribunal's decision regarding the jurisdiction of the Income-tax Appellate Commissioner to impose a penalty even when the concealed income was below the threshold amount. Additionally, the court held that the amended section 275 of the Income Tax Act, 1961, applied retrospectively to pending matters, including cases where the assessment order was issued before the amendment. Consequently, the court ruled in favor of the department, upholding the penalty and confirming the retrospective application of the amended provision. en-us Fri, 08 Feb 1980 00:00:00 +0530 Thu, 25 Mar 2010 16:08:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36961 The High Court affirmed the Income-tax Appellate Tribunal's decision regarding the jurisdiction of the Income-tax Appellate Commissioner to impose a penalty even when the concealed income was below the threshold amount. Additionally, the court held that the amended section 275 of the Income Tax Act, 1961, applied retrospectively to pending matters, including cases where the assessment order was issued before the amendment. Consequently, the court ruled in favor of the department, upholding the penalty and confirming the retrospective application of the amended provision. Case-Laws Income Tax Fri, 08 Feb 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36961