https://www.taxtmi.com/caselaws?id=39656 Penalty under the Indian Income-tax Act, 1922 had to be imposed within a reasonable time, even though no express limitation period was prescribed. On the facts stated, the penalty order was passed about nine years after the assessment had become final, and no explanation was given for the delay. The later reduction of the penalty quantum did not cure the inordinate lapse of time. The document states that the levy was therefore not made within a reasonable time and was not exigible. en-us Fri, 05 Nov 1971 00:00:00 +0530 Mon, 19 Apr 2010 15:11:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39656 Penalty under the Indian Income-tax Act, 1922 had to be imposed within a reasonable time, even though no express limitation period was prescribed. On the facts stated, the penalty order was passed about nine years after the assessment had become final, and no explanation was given for the delay. The later reduction of the penalty quantum did not cure the inordinate lapse of time. The document states that the levy was therefore not made within a reasonable time and was not exigible. Case-Laws Income Tax Fri, 05 Nov 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39656