https://www.taxtmi.com/caselaws?id=206718 The High Court interpreted Section 275(1)(a) of the Income Tax Act concerning the penalty imposition period post-appeal proceedings. The case involved a dispute over penalty levied beyond the limitation period. The Court analyzed the proviso's function, extending the penalty imposition period to one year post-CIT(A)'s order after June 1, 2003. It clarified that the limitation period for penalty levy in cases with pending ITAT appeals is six months from the ITAT's order receipt by the Commissioner. The Court ruled in favor of the Revenue, setting aside the penalty order and remitting the case to the ITAT for further proceedings. en-us Fri, 30 Sep 2011 00:00:00 +0530 Wed, 11 Jul 2012 15:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206718 The High Court interpreted Section 275(1)(a) of the Income Tax Act concerning the penalty imposition period post-appeal proceedings. The case involved a dispute over penalty levied beyond the limitation period. The Court analyzed the proviso's function, extending the penalty imposition period to one year post-CIT(A)'s order after June 1, 2003. It clarified that the limitation period for penalty levy in cases with pending ITAT appeals is six months from the ITAT's order receipt by the Commissioner. The Court ruled in favor of the Revenue, setting aside the penalty order and remitting the case to the ITAT for further proceedings. Case-Laws Income Tax Fri, 30 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206718