https://www.taxtmi.com/caselaws?id=37062 An amending limitation provision applied to pending penalty proceedings because the original period under the unamended law had not expired when the amendment came into force, so the limitation objection failed. Non-inclusion of dividend income was treated as concealment under the penalty provision because the assessee was found to control the company and to have arranged the non-receipt of dividend, making the non-disclosure fact-specific and not shown to be perverse. On those facts, both referred questions were answered against the assessee and the penalty proceedings were sustained. en-us Wed, 08 Mar 1978 00:00:00 +0530 Fri, 26 Mar 2010 11:57:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37062 An amending limitation provision applied to pending penalty proceedings because the original period under the unamended law had not expired when the amendment came into force, so the limitation objection failed. Non-inclusion of dividend income was treated as concealment under the penalty provision because the assessee was found to control the company and to have arranged the non-receipt of dividend, making the non-disclosure fact-specific and not shown to be perverse. On those facts, both referred questions were answered against the assessee and the penalty proceedings were sustained. Case-Laws Income Tax Wed, 08 Mar 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37062