https://www.taxtmi.com/caselaws?id=444913 The ITAT Jodhpur held that a penalty notice under sections 274/271C issued by the ACIT on 08.01.2015 was time-barred and beyond the AO's jurisdiction. The revenue had remained inactive for an extended period without levying the penalty, violating section 275(1)(c) limitation provisions. The tribunal upheld the appeal order and quashed the penalty under section 271C, deciding in favor of the assessee due to the procedural lapse in timely penalty imposition. en-us Thu, 12 Oct 2023 00:00:00 +0530 Thu, 26 Oct 2023 07:40:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444913 The ITAT Jodhpur held that a penalty notice under sections 274/271C issued by the ACIT on 08.01.2015 was time-barred and beyond the AO's jurisdiction. The revenue had remained inactive for an extended period without levying the penalty, violating section 275(1)(c) limitation provisions. The tribunal upheld the appeal order and quashed the penalty under section 271C, deciding in favor of the assessee due to the procedural lapse in timely penalty imposition. Case-Laws Income Tax Thu, 12 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444913