https://www.taxtmi.com/caselaws?id=57108 The Tribunal allowed the appeal, emphasizing the importance of applying the law in force at the time of the offense in determining the jurisdiction to levy penalties under the IT Act, 1961. The Tribunal held that the ITO lacked jurisdiction to levy the penalty under section 274(2), rendering the penalty proceedings void, and subsequently canceled the penalty without assessing the merits of the case. en-us Wed, 11 Jul 1979 00:00:00 +0530 Wed, 08 Dec 2010 14:56:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57108 The Tribunal allowed the appeal, emphasizing the importance of applying the law in force at the time of the offense in determining the jurisdiction to levy penalties under the IT Act, 1961. The Tribunal held that the ITO lacked jurisdiction to levy the penalty under section 274(2), rendering the penalty proceedings void, and subsequently canceled the penalty without assessing the merits of the case. Case-Laws Income Tax Wed, 11 Jul 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57108