https://www.taxtmi.com/caselaws?id=69133 The Tribunal upheld the CIT (Appeals) decision, ruling that penalty orders imposed by the ITO were void and time-barred. The Tribunal determined that the penalty orders were initiated without jurisdiction until the completion of fresh assessment proceedings following the set-aside of previous orders. Additionally, it found that the limitation period for imposing penalties should exclude the time when assessment orders were cancelled and later revived. Consequently, the penalty orders made on 31-3-1984 were deemed beyond the prescribed time limit and were canceled, leading to the dismissal of the Revenue's appeals. en-us Fri, 31 Jul 1987 00:00:00 +0530 Tue, 05 Apr 2011 13:34:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69133 The Tribunal upheld the CIT (Appeals) decision, ruling that penalty orders imposed by the ITO were void and time-barred. The Tribunal determined that the penalty orders were initiated without jurisdiction until the completion of fresh assessment proceedings following the set-aside of previous orders. Additionally, it found that the limitation period for imposing penalties should exclude the time when assessment orders were cancelled and later revived. Consequently, the penalty orders made on 31-3-1984 were deemed beyond the prescribed time limit and were canceled, leading to the dismissal of the Revenue's appeals. Case-Laws Income Tax Fri, 31 Jul 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69133