https://www.taxtmi.com/caselaws?id=782123 ITAT Hyderabad held that penalty proceedings initiated u/s 270A were barred by limitation under s. 275(1)(c). The penalty notice was issued in December 2020, making the two possible limitation dates 31.03.2021 (end of the financial year) and 30.06.2021 (six months from end of December 2020). Applying s. 275(1)(c), 30.06.2021 was the outer limit for passing the penalty order. As the penalty order was passed on 30.12.2021, it was held time-barred. ITAT allowed the assessee's appeal and annulled the penalty without deciding the exact initiation date. en-us Fri, 10 Oct 2025 00:00:00 +0530 Sat, 22 Nov 2025 10:32:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782123 ITAT Hyderabad held that penalty proceedings initiated u/s 270A were barred by limitation under s. 275(1)(c). The penalty notice was issued in December 2020, making the two possible limitation dates 31.03.2021 (end of the financial year) and 30.06.2021 (six months from end of December 2020). Applying s. 275(1)(c), 30.06.2021 was the outer limit for passing the penalty order. As the penalty order was passed on 30.12.2021, it was held time-barred. ITAT allowed the assessee's appeal and annulled the penalty without deciding the exact initiation date. Case-Laws Income Tax Fri, 10 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782123