https://www.taxtmi.com/caselaws?id=37136 The High Court determined that Section 275 of the Income Tax Act, 1961, which sets the time limit for penalty proceedings, is procedural and applies at the time of penalty imposition. The court emphasized that procedural changes cannot revive a barred cause of action, following precedents like S.C. Prashar v. Vasantsen Dwarkadas. The court upheld the Tribunal's decision, ruling in favor of the revenue and against the assessee regarding the retrospective application of amendments to Section 275. en-us Fri, 10 Feb 1978 00:00:00 +0530 Fri, 26 Mar 2010 17:00:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37136 The High Court determined that Section 275 of the Income Tax Act, 1961, which sets the time limit for penalty proceedings, is procedural and applies at the time of penalty imposition. The court emphasized that procedural changes cannot revive a barred cause of action, following precedents like S.C. Prashar v. Vasantsen Dwarkadas. The court upheld the Tribunal's decision, ruling in favor of the revenue and against the assessee regarding the retrospective application of amendments to Section 275. Case-Laws Income Tax Fri, 10 Feb 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37136