https://www.taxtmi.com/caselaws?id=61660 The Tribunal upheld the CIT(A)'s decision to delete the penalty imposed under section 271D of the IT Act, 1961, due to the penalty order being barred by limitation. The Tribunal found that penalty proceedings under section 271D are distinct and not subject to appeal on quantum additions, supporting the CIT(A)'s cancellation of the penalty. The Tribunal dismissed the Revenue's appeal, affirming the deletion of the penalty based on the unique nature of penalty proceedings under section 271D. en-us Tue, 24 Aug 2004 00:00:00 +0530 Thu, 13 Jan 2011 17:51:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61660 The Tribunal upheld the CIT(A)'s decision to delete the penalty imposed under section 271D of the IT Act, 1961, due to the penalty order being barred by limitation. The Tribunal found that penalty proceedings under section 271D are distinct and not subject to appeal on quantum additions, supporting the CIT(A)'s cancellation of the penalty. The Tribunal dismissed the Revenue's appeal, affirming the deletion of the penalty based on the unique nature of penalty proceedings under section 271D. Case-Laws Income Tax Tue, 24 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61660