1988 (4) TMI 3

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... the circumstances of the case, the Tribunal was justified in holding that the Inspecting Assistant Commissioner of Income-tax had no jurisdiction to levy the penalty on September 22, 1978 ?" It has been held by us in CIT v. Sri Niwas Rice and Oil Industries [1988] 169 ITR 253 (Raj) that on deletion of sub-section (2) of section 274 of the Act with effect from April 1, 1976, the Inspecting Assist .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X