https://www.taxtmi.com/caselaws?id=13932 The High Court upheld the validity of penalty proceedings under section 271(1)(c) of the Income Tax Act for the assessment year 1976-77. The Court determined that the penalty order timing was within legal limits, rejecting the assessee's argument of limitation. Relying on case law, the Court emphasized that penalties can be imposed in subsequent proceedings if correlated to tax evasion, even after an earlier penalty order. The validity of the penalty order in the second notice of assessment under section 148 was affirmed, ruling in favor of revenue authorities and against the assessee. en-us Wed, 01 Aug 2001 00:00:00 +0530 Mon, 06 Jul 2009 11:41:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13932 The High Court upheld the validity of penalty proceedings under section 271(1)(c) of the Income Tax Act for the assessment year 1976-77. The Court determined that the penalty order timing was within legal limits, rejecting the assessee's argument of limitation. Relying on case law, the Court emphasized that penalties can be imposed in subsequent proceedings if correlated to tax evasion, even after an earlier penalty order. The validity of the penalty order in the second notice of assessment under section 148 was affirmed, ruling in favor of revenue authorities and against the assessee. Case-Laws Income Tax Wed, 01 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13932