https://www.taxtmi.com/caselaws?id=266006 The Court upheld the deletion of the penalty imposed on the Assessee under Section 271-E of the Income Tax Act by the CIT (A) and affirmed by the ITAT, emphasizing adherence to the limitation period under Section 275 (1) (c). The penalty order was deemed unjustified due to delay in issuing the notice, leading to the dismissal of the Revenue's appeal. The judgment underscored the significance of complying with statutory limitation periods for penalty orders, ensuring procedural fairness and legal compliance. en-us Tue, 13 Oct 2015 00:00:00 +0530 Thu, 16 Jul 2026 11:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266006 The Court upheld the deletion of the penalty imposed on the Assessee under Section 271-E of the Income Tax Act by the CIT (A) and affirmed by the ITAT, emphasizing adherence to the limitation period under Section 275 (1) (c). The penalty order was deemed unjustified due to delay in issuing the notice, leading to the dismissal of the Revenue's appeal. The judgment underscored the significance of complying with statutory limitation periods for penalty orders, ensuring procedural fairness and legal compliance. Case-Laws Income Tax Tue, 13 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266006