https://www.taxtmi.com/acts?id=50543 Bar of limitation requires penalty orders to be passed within six months from the end of the quarter in which specified events occur (completion of proceedings, receipt of revision or appeal orders by the jurisdictional Principal Commissioner or Commissioner, or issuance of notice). Penalty orders may be revised to give effect to a revised assessment on appeal or revision, but only after affording the assessee a hearing and within the same six month post quarter limitation; certain periods (rehearing under the proviso to section 129 and court stay periods until certified vacation is received) are excluded from the limitation computation. en-us Tue, 01 Apr 2025 14:07:50 +0530 Tue, 01 Apr 2025 14:07:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=50543 Bar of limitation requires penalty orders to be passed within six months from the end of the quarter in which specified events occur (completion of proceedings, receipt of revision or appeal orders by the jurisdictional Principal Commissioner or Commissioner, or issuance of notice). Penalty orders may be revised to give effect to a revised assessment on appeal or revision, but only after affording the assessee a hearing and within the same six month post quarter limitation; certain periods (rehearing under the proviso to section 129 and court stay periods until certified vacation is received) are excluded from the limitation computation. Act-Rules F. Acts / Amendment Acts Tue, 01 Apr 2025 14:07:50 +0530 https://www.taxtmi.com/acts?id=50543