Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1979 (10) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1979 (10) TMI 48 - HC - Income TaxExtract: .......mum penalty imposable was equal to the concealed income in accordance with the amendment of cl. (iii) of s. 271(1) with effect from April 1, 1968. (2) The order of the IAC imposing penalty would not be bad in law for want of jurisdiction if the ITO had made the reference before 1st April, 1971. There shall be no order as to costs of this reference.
|