1992 (9) TMI 73 - HC - Income Tax

Summary

The High Court of Allahabad ruled that the Inspecting Assistant Commissioner did not have jurisdiction to pass a penalty order on the date it was issued due to a change in the law. The court held in favor of the assessee, stating that the penalty was not valid. (Case Citation: 1992 (9) TMI 73 - ALLAHABAD High Court)