https://www.taxtmi.com/caselaws?id=66197 The Tribunal held that penalty proceedings initiated under the original assessment were time-barred, and the initiation of re-assessment proceedings did not extend the limitation period for these penalty proceedings. Consequently, the penalty imposed under section 271(1)(a) was canceled, and the appeal was allowed. en-us Wed, 30 Jun 1993 00:00:00 +0530 Tue, 22 Feb 2011 10:59:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66197 The Tribunal held that penalty proceedings initiated under the original assessment were time-barred, and the initiation of re-assessment proceedings did not extend the limitation period for these penalty proceedings. Consequently, the penalty imposed under section 271(1)(a) was canceled, and the appeal was allowed. Case-Laws Income Tax Wed, 30 Jun 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66197