https://www.taxtmi.com/caselaws?id=32274 The High Court dismissed the revenue's appeals and upheld the Tribunal's decision to delete the penalty imposed under Section 271C of the Income Tax Act, 1961. The Court concluded that the penalty order was passed beyond the prescribed time limit of six months from the end of the month in which the penalty proceedings were initiated. It was also held that penalty proceedings under Section 271C are independent of other proceedings. The interpretation of the limitation period under Section 275(1)(c) was clarified, emphasizing the application of the six-month limitation when penalty proceedings are not part of any other proceedings. en-us Fri, 16 Jan 2009 00:00:00 +0530 Fri, 21 Dec 2012 14:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32274 The High Court dismissed the revenue's appeals and upheld the Tribunal's decision to delete the penalty imposed under Section 271C of the Income Tax Act, 1961. The Court concluded that the penalty order was passed beyond the prescribed time limit of six months from the end of the month in which the penalty proceedings were initiated. It was also held that penalty proceedings under Section 271C are independent of other proceedings. The interpretation of the limitation period under Section 275(1)(c) was clarified, emphasizing the application of the six-month limitation when penalty proceedings are not part of any other proceedings. Case-Laws Income Tax Fri, 16 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32274