https://www.taxtmi.com/caselaws?id=283080 The Tribunal allowed the appeal as the penalty orders imposed under sections 271(1)(c) and 41(1) of the Income Tax Act were cancelled due to being barred by limitation. The Tribunal found that the penalty order under section 271(1)(c) was passed beyond the specified deadline, leading to its cancellation. As a result, the penalties were deemed void ab initio, and the Tribunal did not address the original grounds raised by the appellant regarding the penalties' merits. en-us Fri, 22 Jul 2011 00:00:00 +0530 Fri, 06 Sep 2019 12:51:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283080 The Tribunal allowed the appeal as the penalty orders imposed under sections 271(1)(c) and 41(1) of the Income Tax Act were cancelled due to being barred by limitation. The Tribunal found that the penalty order under section 271(1)(c) was passed beyond the specified deadline, leading to its cancellation. As a result, the penalties were deemed void ab initio, and the Tribunal did not address the original grounds raised by the appellant regarding the penalties' merits. Case-Laws Income Tax Fri, 22 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283080