https://www.taxtmi.com/caselaws?id=280920 The Tribunal dismissed the revenue's appeal, upholding that the penalty order dated 19.05.2011 was barred by limitation under section 158BFA(3)(c) of the Income Tax Act. The decision was based on the clear interpretation of the law and the absence of any contradictory judicial precedents. The Tribunal emphasized the importance of adhering to statutory provisions regarding penalties, highlighting the significance of timelines and limitations in penalty proceedings. en-us Fri, 01 Jul 2016 00:00:00 +0530 Sun, 26 May 2019 14:42:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280920 The Tribunal dismissed the revenue's appeal, upholding that the penalty order dated 19.05.2011 was barred by limitation under section 158BFA(3)(c) of the Income Tax Act. The decision was based on the clear interpretation of the law and the absence of any contradictory judicial precedents. The Tribunal emphasized the importance of adhering to statutory provisions regarding penalties, highlighting the significance of timelines and limitations in penalty proceedings. Case-Laws Income Tax Fri, 01 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280920