https://www.taxtmi.com/caselaws?id=335725 Belated initiation of penalty proceedings under section 45(6) does not invalidate the penalty where no express limitation period applies and the assessee cannot demonstrate prejudice caused by the delay. Penalty may therefore be sustained despite delayed proceedings. Interest on the penalty, if otherwise payable, cannot be charged for the period before the penalty order; liability for interest begins only from the date of that order. The penalty challenge consequently fails on the merits, while relief is available by restricting the commencement date for interest. en-us Wed, 09 Nov 2016 00:00:00 +0530 Thu, 08 Dec 2016 15:05:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335725 Belated initiation of penalty proceedings under section 45(6) does not invalidate the penalty where no express limitation period applies and the assessee cannot demonstrate prejudice caused by the delay. Penalty may therefore be sustained despite delayed proceedings. Interest on the penalty, if otherwise payable, cannot be charged for the period before the penalty order; liability for interest begins only from the date of that order. The penalty challenge consequently fails on the merits, while relief is available by restricting the commencement date for interest. Case-Laws VAT and Sales Tax Wed, 09 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335725