https://www.taxtmi.com/caselaws?id=9971 Penalty under section 271D must be passed within the limitation period in section 275(1)(c), applying the later of the prescribed time limits. On the facts stated, the penalty notice was issued on 7 April 1993, making 31 March 1994 the relevant completion date. The penalty order passed on 31 October 1997 was therefore beyond the statutory period and time-barred. The article also notes that the alleged contravention of section 269SS could not sustain the penalty once limitation had expired. en-us Tue, 21 Feb 2006 00:00:00 +0530 Sat, 04 Jul 2009 17:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9971 Penalty under section 271D must be passed within the limitation period in section 275(1)(c), applying the later of the prescribed time limits. On the facts stated, the penalty notice was issued on 7 April 1993, making 31 March 1994 the relevant completion date. The penalty order passed on 31 October 1997 was therefore beyond the statutory period and time-barred. The article also notes that the alleged contravention of section 269SS could not sustain the penalty once limitation had expired. Case-Laws Income Tax Tue, 21 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9971