https://www.taxtmi.com/caselaws?id=268243 The Appellate Tribunal ITAT LUCKNOW ruled in favor of the appellant, emphasizing the importance of adhering to statutory timelines for penalty orders under the Income-tax Act, 1961. The Tribunal upheld the cancellation of the penalty order by the Commissioner of Income-tax (Appeals), ruling that the penalty was indeed time-barred under section 271E of the Act. The judgment highlighted the significance of timely compliance with legal provisions to ensure the validity of penalty impositions, ultimately dismissing the appeal of the Revenue. en-us Tue, 28 Apr 2015 00:00:00 +0530 Sat, 21 Nov 2015 12:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268243 The Appellate Tribunal ITAT LUCKNOW ruled in favor of the appellant, emphasizing the importance of adhering to statutory timelines for penalty orders under the Income-tax Act, 1961. The Tribunal upheld the cancellation of the penalty order by the Commissioner of Income-tax (Appeals), ruling that the penalty was indeed time-barred under section 271E of the Act. The judgment highlighted the significance of timely compliance with legal provisions to ensure the validity of penalty impositions, ultimately dismissing the appeal of the Revenue. Case-Laws Income Tax Tue, 28 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268243