Limitation for penalty imposition where appeals to Commissioner (Appeals), prescribing deadlines for issuance of penalty orders and revision scope. An inserted proviso prescribes that where an assessment or other order is appealed to the Commissioner (Appeals) and the Commissioner (Appeals) disposes the appeal on or after the operative date, a penalty order must be passed before the end of the financial year in which the related proceedings are completed, or within one year from the end of the financial year in which the Commissioner (Appeals) order is received by the Chief Commissioner or Commissioner, whichever is later; additionally, a clause is amended to include an extra cross-reference expanding revision coverage.