https://www.taxtmi.com/acts?id=19896 An order imposing penalty must be passed within one year from the end of the financial year in which the notice under section 46 is issued; such penalty may be revised or revived after assessment is revised on appellate or revision orders, and any revision or revival must be made within six months from the end of the month in which the appellate or revision order is received or passed. Time for rehearing under section 7 and periods during which proceedings are stayed by court order are excluded in computing these limitation periods. en-us Fri, 03 Jul 2015 18:15:50 +0530 Wed, 05 Nov 2025 16:59:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=19896 An order imposing penalty must be passed within one year from the end of the financial year in which the notice under section 46 is issued; such penalty may be revised or revived after assessment is revised on appellate or revision orders, and any revision or revival must be made within six months from the end of the month in which the appellate or revision order is received or passed. Time for rehearing under section 7 and periods during which proceedings are stayed by court order are excluded in computing these limitation periods. Act-Rules Direct Taxes Fri, 03 Jul 2015 18:15:50 +0530 https://www.taxtmi.com/acts?id=19896