https://www.taxtmi.com/caselaws?id=383529 The Court dismissed the appeal challenging the deletion of penalty imposed on the Assessee under Section 271(1)(c) of the Income Tax Act, 1961 for the Assessment Year 2009-2010. The Court found the penalty order to be beyond the limitation period under Section 275(1)(a) of the Act, applying the decision in Odeon Builders Pvt. Ltd. case. It held that the limitation period for penalty proceedings starts from the date the ITAT's order is served upon the CIT (Judicial), aligning with the interpretation in the Odeon Builders Pvt. Ltd. case. en-us Mon, 22 Jul 2019 00:00:00 +0530 Wed, 24 Jul 2019 14:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383529 The Court dismissed the appeal challenging the deletion of penalty imposed on the Assessee under Section 271(1)(c) of the Income Tax Act, 1961 for the Assessment Year 2009-2010. The Court found the penalty order to be beyond the limitation period under Section 275(1)(a) of the Act, applying the decision in Odeon Builders Pvt. Ltd. case. It held that the limitation period for penalty proceedings starts from the date the ITAT's order is served upon the CIT (Judicial), aligning with the interpretation in the Odeon Builders Pvt. Ltd. case. Case-Laws Income Tax Mon, 22 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383529