1985 (5) TMI 30

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....nce under section 256(1) relating to the assessment year 1967-68 is as follows: "Whether, on the facts and in the circumstances of the case and on a true interpretation of sections 274(2) and 275, the Tribunal was right in upholding the orders of the Inspecting Assistant Commissioner? " Learned counsel for the assessee contended that, in fact, there were other questions which had been sought in ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....der cannot be passed. Section 275 of the Act was amended by the Taxation Laws (Amendment) Act, 1970, with effect from April 1, 1971. The present reference relates to the assessment year 1967-68. However, the assessment was completed on January 29, 1972, after the amendment had been made. The limitation period for passing a penalty order was amended by altering the language of section 275 of the A....