https://www.taxtmi.com/caselaws?id=38179 The High Court upheld the jurisdiction of the Inspecting Assistant Commissioner to levy penalties under section 271(1)(c) until the extended deadline provided by the new section 275, despite penalties being imposed after the completion of assessment proceedings. The court emphasized that procedural law amendments can impact pending cases, and in this instance, the extended time limit validated the penalties imposed within that period. Ruling against the assessee, the court confirmed the validity of the penalties imposed by the Inspecting Assistant Commissioner until March 31, 1972, clarifying the application of procedural laws in penalty imposition matters. en-us Tue, 25 Jul 1978 00:00:00 +0530 Sat, 03 Apr 2010 15:58:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38179 The High Court upheld the jurisdiction of the Inspecting Assistant Commissioner to levy penalties under section 271(1)(c) until the extended deadline provided by the new section 275, despite penalties being imposed after the completion of assessment proceedings. The court emphasized that procedural law amendments can impact pending cases, and in this instance, the extended time limit validated the penalties imposed within that period. Ruling against the assessee, the court confirmed the validity of the penalties imposed by the Inspecting Assistant Commissioner until March 31, 1972, clarifying the application of procedural laws in penalty imposition matters. Case-Laws Income Tax Tue, 25 Jul 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38179