https://www.taxtmi.com/caselaws?id=37843 The applicable penalty under section 271(1)(c)(iii) had to be determined with reference to the date the original returns were filed, not the later filing of revised returns pursuant to notice under section 148. Because the returns were originally filed before the amendment enhancing penalties took effect on 1 April 1968, the amended provision could not be applied merely due to reassessment proceedings. The penalty therefore remained governed by the unamended provision in force when the original returns were filed. en-us Fri, 21 Mar 1975 00:00:00 +0530 Thu, 01 Apr 2010 13:41:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37843 The applicable penalty under section 271(1)(c)(iii) had to be determined with reference to the date the original returns were filed, not the later filing of revised returns pursuant to notice under section 148. Because the returns were originally filed before the amendment enhancing penalties took effect on 1 April 1968, the amended provision could not be applied merely due to reassessment proceedings. The penalty therefore remained governed by the unamended provision in force when the original returns were filed. Case-Laws Income Tax Fri, 21 Mar 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37843