https://www.taxtmi.com/caselaws?id=39675 The court found that the Income-tax Officer lacked jurisdiction to levy a penalty under section 271(1)(c) due to the amount exceeding Rs. 1,000, requiring referral to the Inspecting Assistant Commissioner. The amended section 274(2) did not apply retrospectively, with the law at the time of the offense being relevant. The petitioner was allowed to raise the jurisdiction issue in the writ petition, resulting in setting aside the orders and referring the matter to the Inspecting Assistant Commissioner. The petitioner was directed to cooperate in penalty proceedings, and costs of Rs. 250 were awarded. en-us Thu, 09 Jan 1975 00:00:00 +0530 Mon, 19 Apr 2010 16:14:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39675 The court found that the Income-tax Officer lacked jurisdiction to levy a penalty under section 271(1)(c) due to the amount exceeding Rs. 1,000, requiring referral to the Inspecting Assistant Commissioner. The amended section 274(2) did not apply retrospectively, with the law at the time of the offense being relevant. The petitioner was allowed to raise the jurisdiction issue in the writ petition, resulting in setting aside the orders and referring the matter to the Inspecting Assistant Commissioner. The petitioner was directed to cooperate in penalty proceedings, and costs of Rs. 250 were awarded. Case-Laws Income Tax Thu, 09 Jan 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39675