https://www.taxtmi.com/caselaws?id=39042 The Full Bench resolved a conflict between pre-amendment and post-amendment law on limitation periods, holding that the amended law applied, making penalty orders valid. The court ruled that the extended limitation period under the amendment was procedural, allowing the penalty orders passed within the extended period to be upheld. The decision favored the revenue, directing the Tribunal to address the penalty order's merits without expressing an opinion. No costs were awarded. en-us Tue, 14 Dec 1976 00:00:00 +0530 Tue, 16 Feb 2016 15:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39042 The Full Bench resolved a conflict between pre-amendment and post-amendment law on limitation periods, holding that the amended law applied, making penalty orders valid. The court ruled that the extended limitation period under the amendment was procedural, allowing the penalty orders passed within the extended period to be upheld. The decision favored the revenue, directing the Tribunal to address the penalty order's merits without expressing an opinion. No costs were awarded. Case-Laws Income Tax Tue, 14 Dec 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39042