https://www.taxtmi.com/caselaws?id=37986 The court ruled in favor of the assessee, holding that the penalty order dated December 16, 1969, under section 271(1)(c) of the Income-tax Act, 1961, was barred by limitation as per section 275 of the Act. The court emphasized the mandatory nature of the limitation period under section 275, applying it to both initial and subsequent orders after remand. The court rejected the revenue's arguments and upheld the decision of the Appellate Tribunal, awarding costs to the assessee. en-us Mon, 27 Feb 1978 00:00:00 +0530 Fri, 02 Apr 2010 14:08:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37986 The court ruled in favor of the assessee, holding that the penalty order dated December 16, 1969, under section 271(1)(c) of the Income-tax Act, 1961, was barred by limitation as per section 275 of the Act. The court emphasized the mandatory nature of the limitation period under section 275, applying it to both initial and subsequent orders after remand. The court rejected the revenue's arguments and upheld the decision of the Appellate Tribunal, awarding costs to the assessee. Case-Laws Income Tax Mon, 27 Feb 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37986