https://www.taxtmi.com/caselaws?id=437890 The Tribunal quashed the penalty order under Section 271C as it was barred by limitation, thereby allowing the appeal of the assessee. The judgment emphasized the importance of initiating penalty proceedings within a reasonable period, aligning with precedents set by higher courts. en-us Wed, 10 May 2023 00:00:00 +0530 Wed, 17 May 2023 16:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437890 The Tribunal quashed the penalty order under Section 271C as it was barred by limitation, thereby allowing the appeal of the assessee. The judgment emphasized the importance of initiating penalty proceedings within a reasonable period, aligning with precedents set by higher courts. Case-Laws Income Tax Wed, 10 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437890