TMI Blog1988 (8) TMI 91X X X X Extracts X X X X X X X X Extracts X X X X ..... hether, on the facts and in the circumstances of the case, the Tribunal was right in holding that after April 1, 1976, the Inspecting Assistant Commissioner has no jurisdiction to levy any penalty ?" The relevant assessment year is 1969-70. The question of jurisdiction of the Inspecting Assistant Commissioner to levy penalty depends on the date on which the reference to the Inspecting Assistant ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... enue has informed us on the basis of the record that the reference in the present case was made by the Income-tax Officer to the Inspecting Assistant Commissioner on March 14, 1972, and it was a reference pending before the Inspecting Assistant Commissioner prior to April 1, 1976. This being so, the Inspecting Assistant Commissioner had jurisdiction to impose penalty. The contrary view taken by th ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
