1985 (5) TMI 30 - HC - Income Tax

Summary

The High Court of Delhi ruled on the limitation period for passing a penalty order under section 275 of the Act. The penalty order in question was passed within the prescribed time frame of two years from the end of the relevant financial year. The court held that the amendment to section 275 is procedural, not substantive, and the penalty order was passed within the amended time limit. The judgment favored the Department and ruled against the assessee.