https://www.taxtmi.com/caselaws?id=182104 The Income Tax Appellate Tribunal (ITAT) upheld the decision of the CIT (A) in a case concerning the interpretation of Section 271E on the limitation period for penalty proceedings. The dispute arose when the Revenue challenged the penalty imposed by the Joint Commissioner, arguing that the penalty proceedings were not time-barred. The ITAT ruled in favor of the assessee, holding that the penalty order exceeded the limitation period as the penalty proceedings were initiated earlier than the date of the penalty notice issued by the Joint Commissioner. The Court dismissed the appeal, finding no substantial question of law in the matter. en-us Mon, 27 Apr 2015 00:00:00 +0530 Tue, 03 May 2016 09:30:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182104 The Income Tax Appellate Tribunal (ITAT) upheld the decision of the CIT (A) in a case concerning the interpretation of Section 271E on the limitation period for penalty proceedings. The dispute arose when the Revenue challenged the penalty imposed by the Joint Commissioner, arguing that the penalty proceedings were not time-barred. The ITAT ruled in favor of the assessee, holding that the penalty order exceeded the limitation period as the penalty proceedings were initiated earlier than the date of the penalty notice issued by the Joint Commissioner. The Court dismissed the appeal, finding no substantial question of law in the matter. Case-Laws Income Tax Mon, 27 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182104