https://www.taxtmi.com/caselaws?id=38308 Penalty under the Income-tax Act, 1961 was held leviable for failure to comply with a notice issued under section 22(2) of the repealed 1922 Act, because the transitional saving provision preserved penalty proceedings where the relevant assessment year ended on or before 31 March 1962 and the assessment was completed on or after 1 April 1962. The court also upheld the initiation of penalty proceedings, treating a notice issued before completion of assessment as sufficient where it was referable to the jurisdiction that validated the action. Both referred questions were answered in favour of the revenue. en-us Tue, 09 Aug 1977 00:00:00 +0530 Mon, 05 Apr 2010 13:24:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38308 Penalty under the Income-tax Act, 1961 was held leviable for failure to comply with a notice issued under section 22(2) of the repealed 1922 Act, because the transitional saving provision preserved penalty proceedings where the relevant assessment year ended on or before 31 March 1962 and the assessment was completed on or after 1 April 1962. The court also upheld the initiation of penalty proceedings, treating a notice issued before completion of assessment as sufficient where it was referable to the jurisdiction that validated the action. Both referred questions were answered in favour of the revenue. Case-Laws Income Tax Tue, 09 Aug 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38308