https://www.taxtmi.com/caselaws?id=280917 The Tribunal ruled in favor of the appellant, holding that the penalty order was time-barred under section 158BFA(3)(c) of the IT Act. Consequently, the penalty imposed on the assessee was deemed invalid, and the appeal was allowed. The Tribunal did not address the merits of the penalty since it found the penalty order to be time-barred. en-us Fri, 07 Sep 2012 00:00:00 +0530 Sat, 25 May 2019 10:07:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280917 The Tribunal ruled in favor of the appellant, holding that the penalty order was time-barred under section 158BFA(3)(c) of the IT Act. Consequently, the penalty imposed on the assessee was deemed invalid, and the appeal was allowed. The Tribunal did not address the merits of the penalty since it found the penalty order to be time-barred. Case-Laws Income Tax Fri, 07 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280917