https://www.taxtmi.com/caselaws?id=71684 The Tribunal held that the penalty order issued by the Addl. CIT was time-barred as it was passed beyond the prescribed six-month period. Consequently, the penalty of Rs. 2,70,000 imposed under section 271D was canceled. The Tribunal did not address the merits of the penalty justification or the reasonable cause for the default under section 269SS. The appeal was allowed in favor of the assessee. en-us Mon, 22 Mar 2004 00:00:00 +0530 Tue, 26 Apr 2011 15:59:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71684 The Tribunal held that the penalty order issued by the Addl. CIT was time-barred as it was passed beyond the prescribed six-month period. Consequently, the penalty of Rs. 2,70,000 imposed under section 271D was canceled. The Tribunal did not address the merits of the penalty justification or the reasonable cause for the default under section 269SS. The appeal was allowed in favor of the assessee. Case-Laws Income Tax Mon, 22 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71684