https://www.taxtmi.com/caselaws?id=328156 The Tribunal applied the limitation rule in section 275(1)(c) to penalties under sections 271D and 271E and held that the penalty orders had to be passed within the later of the two prescribed periods. On the facts, the impugned orders were passed beyond the permissible time limit, so the penalties were barred by limitation. The assessee therefore succeeded on the limitation issue. en-us Tue, 24 May 2016 00:00:00 +0530 Fri, 27 May 2016 10:11:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328156 The Tribunal applied the limitation rule in section 275(1)(c) to penalties under sections 271D and 271E and held that the penalty orders had to be passed within the later of the two prescribed periods. On the facts, the impugned orders were passed beyond the permissible time limit, so the penalties were barred by limitation. The assessee therefore succeeded on the limitation issue. Case-Laws Income Tax Tue, 24 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328156