https://www.taxtmi.com/caselaws?id=365245 The court ruled in favor of the assessee, finding that the penalty order dated 14.03.2006 was barred by limitation under Section 275 of the Income Tax Act. The court determined that the jurisdiction transfer between officers did not fall within the scenarios allowing for an extension of the limitation period. As a result, the penalty order of Rs. 5 lakhs imposed by the CIT (Appeals) was deemed invalid due to being passed beyond the prescribed period, leading to the allowance of the appeal against the penalty order. en-us Thu, 05 Jul 2018 00:00:00 +0530 Mon, 13 Aug 2018 06:12:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365245 The court ruled in favor of the assessee, finding that the penalty order dated 14.03.2006 was barred by limitation under Section 275 of the Income Tax Act. The court determined that the jurisdiction transfer between officers did not fall within the scenarios allowing for an extension of the limitation period. As a result, the penalty order of Rs. 5 lakhs imposed by the CIT (Appeals) was deemed invalid due to being passed beyond the prescribed period, leading to the allowance of the appeal against the penalty order. Case-Laws Income Tax Thu, 05 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365245