https://www.taxtmi.com/caselaws?id=38237 The court quashed the penalty imposed by the Inspecting Assistant Commissioner on the petitioner under section 271(1)(c) of the Income-tax Act for the year 1967-68. The court held that the amendment to section 274(2) of the Act in 1971 affected the jurisdiction of the Commissioner, rendering the penalty imposition a nullity. Despite objections on alternate remedies, the court allowed the writ petition to proceed, emphasizing the importance of jurisdictional issues and the correct application of legal provisions in penalty imposition cases. en-us Wed, 23 Feb 1977 00:00:00 +0530 Mon, 05 Apr 2010 11:21:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38237 The court quashed the penalty imposed by the Inspecting Assistant Commissioner on the petitioner under section 271(1)(c) of the Income-tax Act for the year 1967-68. The court held that the amendment to section 274(2) of the Act in 1971 affected the jurisdiction of the Commissioner, rendering the penalty imposition a nullity. Despite objections on alternate remedies, the court allowed the writ petition to proceed, emphasizing the importance of jurisdictional issues and the correct application of legal provisions in penalty imposition cases. Case-Laws Income Tax Wed, 23 Feb 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38237