https://www.taxtmi.com/caselaws?id=221456 The High Court dismissed the Revenue's appeal in a case concerning penalty proceedings under Section 271D of the Income Tax Act. The Court held that the penalty order issued by the Joint Commissioner was beyond the limitation period, emphasizing that the penalty proceedings' initiation date, not the Joint Commissioner's notice date, should determine the limitation period. The Court affirmed the decisions of the lower authorities, clarifying the independence of penalty proceedings from assessment proceedings and the application of Section 275(1)(c) for calculating the limitation period. The penalty order was rightly set aside as time-barred. en-us Thu, 10 Jan 2013 00:00:00 +0530 Tue, 02 Jul 2013 12:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221456 The High Court dismissed the Revenue's appeal in a case concerning penalty proceedings under Section 271D of the Income Tax Act. The Court held that the penalty order issued by the Joint Commissioner was beyond the limitation period, emphasizing that the penalty proceedings' initiation date, not the Joint Commissioner's notice date, should determine the limitation period. The Court affirmed the decisions of the lower authorities, clarifying the independence of penalty proceedings from assessment proceedings and the application of Section 275(1)(c) for calculating the limitation period. The penalty order was rightly set aside as time-barred. Case-Laws Income Tax Thu, 10 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221456