https://www.taxtmi.com/caselaws?id=9491 The court concluded that Section 5 of the Indian Limitation Act does not apply to income-tax proceedings under Section 146 of the Income-tax Act. Consequently, the Tribunal's cancellation of the penalty under Section 273(c) was deemed unjustified. The matter was remanded for reconsideration on other grounds, with the questions of law answered in the negative, favoring the Revenue against the assessee. No order was made regarding costs. en-us Fri, 30 Sep 2005 00:00:00 +0530 Tue, 23 Jun 2009 11:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9491 The court concluded that Section 5 of the Indian Limitation Act does not apply to income-tax proceedings under Section 146 of the Income-tax Act. Consequently, the Tribunal's cancellation of the penalty under Section 273(c) was deemed unjustified. The matter was remanded for reconsideration on other grounds, with the questions of law answered in the negative, favoring the Revenue against the assessee. No order was made regarding costs. Case-Laws Income Tax Fri, 30 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9491