1989 (7) TMI 71

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....r referred to as "the Tribunal"), has referred the following question for the consideration of this court "Whether, on the facts and in the circumstances of the case, the Tribunal was right in law in holding that the concealment of income occurred on the date when the original return of income was filed and not on the date when the return of income was filed in response to a notice under sectio....

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....ection 148 of the Income-tax Act, 1961, and that if the original return was filed prior to April 1, 1968, penalty will have to be calculated under the law as it stood prior to that date, even though the return under section 148 was filed subsequent to that date. The said view is in consonance with the law laid down by the various High Courts in CIT v. A. Rm. A.L.A. Arunachalam Chettiar, AIR 1932 M....