https://www.taxtmi.com/caselaws?id=66187 The Tribunal allowed the appeal for statistical purposes, remanding the case for a fresh decision based on the provisions of section 275 of the Income-tax Act, 1961. The cancellation of the penalty under section 271(1)(a) was challenged by the revenue, citing a Rajasthan High Court decision and a Supreme Court decision to support the argument that the penalty order passed within two years of the modification order was valid. However, the Tribunal emphasized the legislative intent behind the time limits for penalty imposition and remanded the case due to unclear facts regarding appellate orders and timelines. en-us Fri, 27 Feb 1987 00:00:00 +0530 Tue, 22 Feb 2011 10:36:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66187 The Tribunal allowed the appeal for statistical purposes, remanding the case for a fresh decision based on the provisions of section 275 of the Income-tax Act, 1961. The cancellation of the penalty under section 271(1)(a) was challenged by the revenue, citing a Rajasthan High Court decision and a Supreme Court decision to support the argument that the penalty order passed within two years of the modification order was valid. However, the Tribunal emphasized the legislative intent behind the time limits for penalty imposition and remanded the case due to unclear facts regarding appellate orders and timelines. Case-Laws Income Tax Fri, 27 Feb 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66187