https://www.taxtmi.com/caselaws?id=35315 Where no express statutory limitation period governs initiation of fiscal penalty proceedings, a reasonable period must be implied into the statute. Applying that principle, proceedings begun after more than five years were held to be beyond a reasonable period and therefore unsustainable. The challenge to the Tribunal's order failed, and the appellate order was upheld in favour of the assessee. en-us Mon, 20 Apr 2009 00:00:00 +0530 Mon, 15 Feb 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35315 Where no express statutory limitation period governs initiation of fiscal penalty proceedings, a reasonable period must be implied into the statute. Applying that principle, proceedings begun after more than five years were held to be beyond a reasonable period and therefore unsustainable. The challenge to the Tribunal's order failed, and the appellate order was upheld in favour of the assessee. Case-Laws Central Excise Mon, 20 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35315