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<h1>Time Limits for Tax Penalties: Section 275 Defines Procedural Safeguards and Penalty Assessment Timelines for Taxpayers</h1> The text details the legal provisions under Section 275 of the Income Tax Act regarding time limitations for imposing penalties. It outlines specific scenarios and time frames for passing penalty orders in various situations, such as assessment proceedings, appeals, and revisions. The provisions specify the maximum time limit for initiating penalty proceedings, procedural safeguards, and conditions for passing penalty orders, ensuring a structured approach to penalty imposition with clear timelines and opportunities for the assessee to be heard.