https://www.taxtmi.com/caselaws?id=39291 The High Court of Orissa ruled that the Income-tax Appellate Tribunal erred in canceling the penalty levy under section 271(1)(c) of the Income-tax Act, 1961, as it was not barred by limitation under the amended provision of section 275. The Court held that the new provision extending the time limit for penalty proceedings applied to the case, even though the penalty was imposed before the amendment came into force. The Court emphasized that the law in force at the time of the penalty order should govern, and the penalty imposition was deemed valid. en-us Thu, 04 Dec 1975 00:00:00 +0530 Thu, 15 Apr 2010 12:39:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39291 The High Court of Orissa ruled that the Income-tax Appellate Tribunal erred in canceling the penalty levy under section 271(1)(c) of the Income-tax Act, 1961, as it was not barred by limitation under the amended provision of section 275. The Court held that the new provision extending the time limit for penalty proceedings applied to the case, even though the penalty was imposed before the amendment came into force. The Court emphasized that the law in force at the time of the penalty order should govern, and the penalty imposition was deemed valid. Case-Laws Income Tax Thu, 04 Dec 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39291