https://www.taxtmi.com/caselaws?id=356112 The court held that the penalty order was time-barred and invalid as it was passed beyond the prescribed limitation period. The appeal was allowed in favor of the assessee, setting aside the penalty imposed by the Assessing Officer. The court emphasized the importance of adhering to clear and certain limitation periods to ensure certainty and finality in legal proceedings. en-us Tue, 20 Feb 2018 00:00:00 +0530 Fri, 30 Mar 2018 18:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356112 The court held that the penalty order was time-barred and invalid as it was passed beyond the prescribed limitation period. The appeal was allowed in favor of the assessee, setting aside the penalty imposed by the Assessing Officer. The court emphasized the importance of adhering to clear and certain limitation periods to ensure certainty and finality in legal proceedings. Case-Laws Income Tax Tue, 20 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356112