https://www.taxtmi.com/caselaws?id=39340 Where reassessment was made under section 147 of the Income-tax Act, 1961, section 297(2)(d)(ii) brought the reassessment within the new Act, so the penalty provisions of section 271(1)(a) applied even though the original default arose under the 1922 Act. The earlier failure to comply with the public notice under section 22(1) of the 1922 Act remained actionable in the reassessment proceedings, and the levy of penalty was upheld. For quantification, the full period of default could be counted, including time before 1 April 1962, because section 271(1)(a) did not confine computation to the post-commencement period of the 1961 Act. en-us Wed, 03 Sep 1975 00:00:00 +0530 Thu, 15 Apr 2010 17:00:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39340 Where reassessment was made under section 147 of the Income-tax Act, 1961, section 297(2)(d)(ii) brought the reassessment within the new Act, so the penalty provisions of section 271(1)(a) applied even though the original default arose under the 1922 Act. The earlier failure to comply with the public notice under section 22(1) of the 1922 Act remained actionable in the reassessment proceedings, and the levy of penalty was upheld. For quantification, the full period of default could be counted, including time before 1 April 1962, because section 271(1)(a) did not confine computation to the post-commencement period of the 1961 Act. Case-Laws Income Tax Wed, 03 Sep 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39340