https://www.taxtmi.com/caselaws?id=197088 The Tribunal allowed the appeal challenging a penalty imposed beyond the stipulated time under section 271(1)(c) of the Act for the assessment year 2005-2006. The Tribunal remanded the case back to the Assessing Officer to decide on the question of limitation, emphasizing the importance of adhering to time limits set in the Act. If found time-barred, the penalty order would be null and void; otherwise, the Assessing Officer would reassess the penalty issue. The appeal was allowed for statistical purposes, with the order issued on June 6th, 2012. en-us Wed, 06 Jun 2012 00:00:00 +0530 Tue, 26 Dec 2017 10:13:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197088 The Tribunal allowed the appeal challenging a penalty imposed beyond the stipulated time under section 271(1)(c) of the Act for the assessment year 2005-2006. The Tribunal remanded the case back to the Assessing Officer to decide on the question of limitation, emphasizing the importance of adhering to time limits set in the Act. If found time-barred, the penalty order would be null and void; otherwise, the Assessing Officer would reassess the penalty issue. The appeal was allowed for statistical purposes, with the order issued on June 6th, 2012. Case-Laws Income Tax Wed, 06 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197088