https://www.taxtmi.com/caselaws?id=35872 Even where the Agricultural Income-tax Act, 1950 prescribed no express limitation period for penalty under Section 41, the power had to be exercised within a reasonable time. An unexplained delay of about 16 years, with no explanation for the inaction and no material showing any contribution by the assessee to the delay, was treated as an unreasonable exercise of statutory power. On that basis, the penalty order was held invalid and was quashed in favour of the assessee. en-us Tue, 13 Jan 1981 00:00:00 +0530 Wed, 17 Mar 2010 12:52:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35872 Even where the Agricultural Income-tax Act, 1950 prescribed no express limitation period for penalty under Section 41, the power had to be exercised within a reasonable time. An unexplained delay of about 16 years, with no explanation for the inaction and no material showing any contribution by the assessee to the delay, was treated as an unreasonable exercise of statutory power. On that basis, the penalty order was held invalid and was quashed in favour of the assessee. Case-Laws Income Tax Tue, 13 Jan 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35872