https://www.taxtmi.com/caselaws?id=38034 The High Court of Madhya Pradesh addressed the imposition of a penalty on an assessee-firm under s. 271(1)(c) of the Income Tax Act, 1961. The Tribunal found the penalty order invalid due to exceeding the limitation period prescribed by s. 275. The court directed the Tribunal to refer the case to determine the legality of the penalty imposition under the amended provisions of s. 275. The judgment emphasized adherence to statutory provisions in tax penalty assessments, highlighting the need to address legal questions arising from tribunal decisions and uphold procedural requirements and limitations for legal validity and compliance. en-us Tue, 21 Mar 1978 00:00:00 +0530 Fri, 02 Apr 2010 16:13:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38034 The High Court of Madhya Pradesh addressed the imposition of a penalty on an assessee-firm under s. 271(1)(c) of the Income Tax Act, 1961. The Tribunal found the penalty order invalid due to exceeding the limitation period prescribed by s. 275. The court directed the Tribunal to refer the case to determine the legality of the penalty imposition under the amended provisions of s. 275. The judgment emphasized adherence to statutory provisions in tax penalty assessments, highlighting the need to address legal questions arising from tribunal decisions and uphold procedural requirements and limitations for legal validity and compliance. Case-Laws Income Tax Tue, 21 Mar 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38034