https://www.taxtmi.com/caselaws?id=63843 The Appellate Tribunal ITAT Delhi-B allowed the appeal of the assessee, quashing the time-barred penalty order of Rs. 4,25,313 under section 271(1)(c) of the IT Act, 1961 for the assessment year 1998-99. The Tribunal emphasized that the assessment order cannot be the subject of appeal if the appeal is time-barred and dismissed, considering the pending delay condonation application. This decision underscores the significance of a valid and timely appeal process in determining the subject-matter of appeal in penalty proceedings under the IT Act, 1961. en-us Fri, 13 Feb 2009 00:00:00 +0530 Tue, 31 Jul 2012 17:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63843 The Appellate Tribunal ITAT Delhi-B allowed the appeal of the assessee, quashing the time-barred penalty order of Rs. 4,25,313 under section 271(1)(c) of the IT Act, 1961 for the assessment year 1998-99. The Tribunal emphasized that the assessment order cannot be the subject of appeal if the appeal is time-barred and dismissed, considering the pending delay condonation application. This decision underscores the significance of a valid and timely appeal process in determining the subject-matter of appeal in penalty proceedings under the IT Act, 1961. Case-Laws Income Tax Fri, 13 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63843