https://www.taxtmi.com/caselaws?id=24694 The High Court of Rajasthan ruled in favor of the assessee, finding that the penalty order imposed under section 271(1)(c) of the Income-tax Act was time-barred. The Court emphasized the importance of adhering to the limitation period prescribed under section 275 for imposing penalties, highlighting that the penalty imposed after a remand order exceeded the time constraints, rendering it invalid. The Court upheld the Tribunal's decision, concluding that the fresh penalty order was indeed time-barred, thereby ruling against the Revenue and in favor of the assessee. No costs were awarded in this case. en-us Mon, 29 Aug 1988 00:00:00 +0530 Thu, 21 Jan 2010 17:03:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24694 The High Court of Rajasthan ruled in favor of the assessee, finding that the penalty order imposed under section 271(1)(c) of the Income-tax Act was time-barred. The Court emphasized the importance of adhering to the limitation period prescribed under section 275 for imposing penalties, highlighting that the penalty imposed after a remand order exceeded the time constraints, rendering it invalid. The Court upheld the Tribunal's decision, concluding that the fresh penalty order was indeed time-barred, thereby ruling against the Revenue and in favor of the assessee. No costs were awarded in this case. Case-Laws Income Tax Mon, 29 Aug 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24694