https://www.taxtmi.com/caselaws?id=38650 Where the Tribunal set aside the original assessment and remanded the matter for fresh consideration, the earlier order ceased to be final and there was no completed assessment before 1 April 1962 for the saving provision under the repealed Act. The fresh assessment made after remand was treated as the operative assessment, so penalty proceedings were governed by the new Act and penalty was validly leviable. The contrary authority relied on by the assessee was distinguished because it did not involve an assessment order that had been set aside and remanded. en-us Tue, 06 Jul 1976 00:00:00 +0530 Thu, 08 Apr 2010 10:23:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38650 Where the Tribunal set aside the original assessment and remanded the matter for fresh consideration, the earlier order ceased to be final and there was no completed assessment before 1 April 1962 for the saving provision under the repealed Act. The fresh assessment made after remand was treated as the operative assessment, so penalty proceedings were governed by the new Act and penalty was validly leviable. The contrary authority relied on by the assessee was distinguished because it did not involve an assessment order that had been set aside and remanded. Case-Laws Income Tax Tue, 06 Jul 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38650