https://www.taxtmi.com/caselaws?id=375883 The Tribunal upheld the CIT(A)'s decision to delete the penalty imposed under section 271E of the Income-tax Act, ruling that the penalty order issued on 30.12.2011 exceeded the limitation period. The Tribunal held that the penalty proceedings commenced with the issuance of the notice by the Assessing Officer on 31.12.2010, not with the assessment order. Consequently, the penalty was deemed unsustainable due to exceeding the prescribed limitation period under section 275(1)(c). The Tribunal dismissed the revenue's appeal, finding no irregularity in the CIT(A)'s decision. en-us Mon, 25 Feb 2019 00:00:00 +0530 Wed, 27 Feb 2019 06:58:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375883 The Tribunal upheld the CIT(A)'s decision to delete the penalty imposed under section 271E of the Income-tax Act, ruling that the penalty order issued on 30.12.2011 exceeded the limitation period. The Tribunal held that the penalty proceedings commenced with the issuance of the notice by the Assessing Officer on 31.12.2010, not with the assessment order. Consequently, the penalty was deemed unsustainable due to exceeding the prescribed limitation period under section 275(1)(c). The Tribunal dismissed the revenue's appeal, finding no irregularity in the CIT(A)'s decision. Case-Laws Income Tax Mon, 25 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375883