https://www.taxtmi.com/caselaws?id=764035 Penalty under section 271DA was held time-barred because the penalty proceedings were initiated in the assessment order dated 21.12.2020, but the penalty order was passed only on 26.07.2023. On these admitted facts, the six-month limitation period under section 275(1)(c), running from the end of the month in which penalty action is initiated, was not complied with. The limitation objection was accepted and the penalty order was quashed in favour of the assessee. en-us Tue, 31 Dec 2024 00:00:00 +0530 Thu, 02 Jan 2025 08:13:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764035 Penalty under section 271DA was held time-barred because the penalty proceedings were initiated in the assessment order dated 21.12.2020, but the penalty order was passed only on 26.07.2023. On these admitted facts, the six-month limitation period under section 275(1)(c), running from the end of the month in which penalty action is initiated, was not complied with. The limitation objection was accepted and the penalty order was quashed in favour of the assessee. Case-Laws Income Tax Tue, 31 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764035