https://www.taxtmi.com/caselaws?id=9306 The High Court held that the penalty order issued on March 19, 1969, was beyond the statutory period, making it without jurisdiction. The court determined that the assessee was not estopped from challenging the penalty order and clarified that the Tribunal's subsequent decision did not constitute a review of its previous order. The High Court directed the parties to bear their own costs and ordered a copy of the judgment to be sent to the Income-tax Appellate Tribunal, Cochin Bench. en-us Thu, 20 Sep 1973 00:00:00 +0530 Sun, 21 Jun 2009 18:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9306 The High Court held that the penalty order issued on March 19, 1969, was beyond the statutory period, making it without jurisdiction. The court determined that the assessee was not estopped from challenging the penalty order and clarified that the Tribunal's subsequent decision did not constitute a review of its previous order. The High Court directed the parties to bear their own costs and ordered a copy of the judgment to be sent to the Income-tax Appellate Tribunal, Cochin Bench. Case-Laws Income Tax Thu, 20 Sep 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9306