https://www.taxtmi.com/caselaws?id=327720 The penalty order passed by the Assessing Officer was quashed as it was beyond the limitation period prescribed by section 158BFA(3)(e) of the Income Tax Act. Additionally, the penalty order was deemed null and void as it was passed without the required approval from the Joint Commissioner, as mandated by section 158BFA(3)(b). Consequently, the appeal of the Revenue was dismissed, along with the Cross Objection filed by the assessee, with the final order issued on 09-03-2016. en-us Wed, 09 Mar 2016 00:00:00 +0530 Wed, 18 May 2016 08:26:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327720 The penalty order passed by the Assessing Officer was quashed as it was beyond the limitation period prescribed by section 158BFA(3)(e) of the Income Tax Act. Additionally, the penalty order was deemed null and void as it was passed without the required approval from the Joint Commissioner, as mandated by section 158BFA(3)(b). Consequently, the appeal of the Revenue was dismissed, along with the Cross Objection filed by the assessee, with the final order issued on 09-03-2016. Case-Laws Income Tax Wed, 09 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327720