https://www.taxtmi.com/caselaws?id=200318 Penalty under Section 271D for receipt of cash in breach of Section 269SS was treated as an independent penalty proceeding, so the limitation rule in Section 275(1)(c) applied. On that basis, the authority had to complete the penalty within six months from the end of the month in which initiation of penalty action occurred. As the penalty order was passed after that period, the penalty was barred by limitation and could not be sustained. en-us Wed, 12 Jan 2011 00:00:00 +0530 Mon, 26 Mar 2018 10:41:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200318 Penalty under Section 271D for receipt of cash in breach of Section 269SS was treated as an independent penalty proceeding, so the limitation rule in Section 275(1)(c) applied. On that basis, the authority had to complete the penalty within six months from the end of the month in which initiation of penalty action occurred. As the penalty order was passed after that period, the penalty was barred by limitation and could not be sustained. Case-Laws Income Tax Wed, 12 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200318