https://www.taxtmi.com/caselaws?id=285046 The High Court held that the penalty order under section 271E was not time-barred, favoring the Revenue. However, it found errors in the Tribunal's decision as it failed to assess the default under section 269T and any reasonable cause for the default under section 273B. The High Court set aside the Tribunal's order and remanded the matter for a fresh decision, emphasizing the need for proper consideration of the case's merits. en-us Fri, 23 May 2008 00:00:00 +0530 Mon, 23 Dec 2019 17:34:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285046 The High Court held that the penalty order under section 271E was not time-barred, favoring the Revenue. However, it found errors in the Tribunal's decision as it failed to assess the default under section 269T and any reasonable cause for the default under section 273B. The High Court set aside the Tribunal's order and remanded the matter for a fresh decision, emphasizing the need for proper consideration of the case's merits. Case-Laws Income Tax Fri, 23 May 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285046