1975 (3) TMI 5 - HC - Income Tax

Summary

The High Court of Allahabad ruled that penalties under s. 271(1)(c)(iii) could not be imposed with reference to the amended provisions for returns filed before the amendment came into effect. The court held that the date of filing the original returns, not the revised returns, determines the applicability of the amended provisions. The assessee was entitled to costs of Rs. 200.