https://www.taxtmi.com/caselaws?id=342695 The Court dismissed the Revenue's appeals against the ITAT order for the Assessment Year 2009-10, which questioned the imposition of penalty within the time limit specified in Section 275(1)(c) of the Income Tax Act, 1961. The Court held that the penalty orders issued in February 2013 were beyond the prescribed limit, as the initiation of penalty proceedings, not the date of the Show Cause Notice, determines the limitation period under the Act. Consequently, the Court found that no substantial question of law arose, affirming that the penalty orders were clearly barred by limitation. en-us Fri, 05 May 2017 00:00:00 +0530 Fri, 03 Apr 2026 15:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342695 The Court dismissed the Revenue's appeals against the ITAT order for the Assessment Year 2009-10, which questioned the imposition of penalty within the time limit specified in Section 275(1)(c) of the Income Tax Act, 1961. The Court held that the penalty orders issued in February 2013 were beyond the prescribed limit, as the initiation of penalty proceedings, not the date of the Show Cause Notice, determines the limitation period under the Act. Consequently, the Court found that no substantial question of law arose, affirming that the penalty orders were clearly barred by limitation. Case-Laws Income Tax Fri, 05 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342695