https://www.taxtmi.com/caselaws?id=466894 Whether a penalty under Section 271D was time-barred turned on application of the outer limitation in Section 275(1)(c) and the extensions granted by the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 and its notification. The court held that a notice served within the extended window was saved by the notification but the extended outer limit expired by 31.03.2022, and an order dated 27.05.2022 was therefore beyond the extended limitation period. Outcome: the penalty order was held without authority of law and quashed in favour of the assessee. en-us Tue, 23 Jan 2024 00:00:00 +0530 Tue, 24 Feb 2026 16:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466894 Whether a penalty under Section 271D was time-barred turned on application of the outer limitation in Section 275(1)(c) and the extensions granted by the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 and its notification. The court held that a notice served within the extended window was saved by the notification but the extended outer limit expired by 31.03.2022, and an order dated 27.05.2022 was therefore beyond the extended limitation period. Outcome: the penalty order was held without authority of law and quashed in favour of the assessee. Case-Laws Income Tax Tue, 23 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466894