https://www.taxtmi.com/caselaws?id=38373 Section 297(2)(g) governs the transition from the Indian Income-tax Act, 1922 to the Income-tax Act, 1961, and makes penalty proceedings under section 271(1)(c) applicable where the relevant assessment was completed after 1 April 1962. The date on which the return was filed does not determine the penalty provision applicable. The analysis follows the Supreme Court ruling in Jain Brothers and rejects the contrary view based on the return-filing date, stating that penalty under section 271(1)(c) applies in such cases. en-us Wed, 17 Dec 1975 00:00:00 +0530 Mon, 05 Apr 2010 18:03:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38373 Section 297(2)(g) governs the transition from the Indian Income-tax Act, 1922 to the Income-tax Act, 1961, and makes penalty proceedings under section 271(1)(c) applicable where the relevant assessment was completed after 1 April 1962. The date on which the return was filed does not determine the penalty provision applicable. The analysis follows the Supreme Court ruling in Jain Brothers and rejects the contrary view based on the return-filing date, stating that penalty under section 271(1)(c) applies in such cases. Case-Laws Income Tax Wed, 17 Dec 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38373