https://www.taxtmi.com/caselaws?id=777180 A penalty order under section 271E was found to be barred by limitation under section 275(1) of the Income-tax Act, 1961. The penalty was initiated in connection with proceedings under sections 143(3) and 263, but on either basis the statutory period for passing the penalty order had already expired before the impugned order was made. The order was therefore beyond the prescribed time limit and was quashed, with the assessee succeeding on the limitation issue. en-us Wed, 13 Aug 2025 00:00:00 +0530 Tue, 26 Aug 2025 08:41:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777180 A penalty order under section 271E was found to be barred by limitation under section 275(1) of the Income-tax Act, 1961. The penalty was initiated in connection with proceedings under sections 143(3) and 263, but on either basis the statutory period for passing the penalty order had already expired before the impugned order was made. The order was therefore beyond the prescribed time limit and was quashed, with the assessee succeeding on the limitation issue. Case-Laws Income Tax Wed, 13 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777180