https://www.taxtmi.com/caselaws?id=384664 The court dismissed the writ petition, ruling that the impugned order imposing a penalty of Rs. 60.57 lakhs was not barred by limitation under Section 158BFA(3)(c) of the Income Tax Act. The court held that the penalty proceedings initiated on 31.08.2004 were validly continued with the notice dated 12.09.2018, within the permissible period post the Supreme Court's order. The parties were directed to bear their respective costs, and the connected miscellaneous petition was closed. en-us Fri, 09 Aug 2019 00:00:00 +0530 Fri, 13 Dec 2019 16:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384664 The court dismissed the writ petition, ruling that the impugned order imposing a penalty of Rs. 60.57 lakhs was not barred by limitation under Section 158BFA(3)(c) of the Income Tax Act. The court held that the penalty proceedings initiated on 31.08.2004 were validly continued with the notice dated 12.09.2018, within the permissible period post the Supreme Court's order. The parties were directed to bear their respective costs, and the connected miscellaneous petition was closed. Case-Laws Income Tax Fri, 09 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384664