https://www.taxtmi.com/caselaws?id=766708 The Appellate Tribunal allowed the appeal, quashing the penalty order against the Assessee under Section 271(1)(c) of the Income Tax Act, 1961. The Tribunal found the penalty order was barred by limitation, as it was issued on 1st April 2022, beyond the extended deadline of 31st March 2022 set by the CBDT notification. Consequently, the Tribunal did not address the substantive merits of the penalty's justification, focusing solely on the limitation issue under Section 275(1)(c). en-us Fri, 28 Feb 2025 00:00:00 +0530 Mon, 03 Mar 2025 08:22:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766708 The Appellate Tribunal allowed the appeal, quashing the penalty order against the Assessee under Section 271(1)(c) of the Income Tax Act, 1961. The Tribunal found the penalty order was barred by limitation, as it was issued on 1st April 2022, beyond the extended deadline of 31st March 2022 set by the CBDT notification. Consequently, the Tribunal did not address the substantive merits of the penalty's justification, focusing solely on the limitation issue under Section 275(1)(c). Case-Laws Income Tax Fri, 28 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766708