https://www.taxtmi.com/caselaws?id=37849 The court affirmed the application of pre-amendment provisions for penalty calculation based on the original return date filed before April 1, 1968. Additionally, the court upheld the reduction of the penalty amount imposed under section 271(1)(c) from Rs. 18,000 to the minimum imposable amount aligned with the tax sought to be evaded. The decisions favored the assessee, granting them costs of Rs. 200. en-us Tue, 25 Apr 1978 00:00:00 +0530 Thu, 01 Apr 2010 13:59:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37849 The court affirmed the application of pre-amendment provisions for penalty calculation based on the original return date filed before April 1, 1968. Additionally, the court upheld the reduction of the penalty amount imposed under section 271(1)(c) from Rs. 18,000 to the minimum imposable amount aligned with the tax sought to be evaded. The decisions favored the assessee, granting them costs of Rs. 200. Case-Laws Income Tax Tue, 25 Apr 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37849