https://www.taxtmi.com/caselaws?id=794800 Penalty under section 271D was held time-barred under section 275(1)(c) because no relevant quantum assessment proceedings were pending for the years under appeal. The applicable period was the second limb of section 275(1)(c), giving six months from the end of the month in which penalty action was initiated by notice under section 274 read with section 271D on 14.08.2024. That limitation expired on 28.02.2025, but the penalty order was passed on 19.03.2025. The order was therefore quashed as barred by limitation. en-us Wed, 08 Jul 2026 00:00:00 +0530 Sat, 11 Jul 2026 08:46:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794800 Penalty under section 271D was held time-barred under section 275(1)(c) because no relevant quantum assessment proceedings were pending for the years under appeal. The applicable period was the second limb of section 275(1)(c), giving six months from the end of the month in which penalty action was initiated by notice under section 274 read with section 271D on 14.08.2024. That limitation expired on 28.02.2025, but the penalty order was passed on 19.03.2025. The order was therefore quashed as barred by limitation. Case-Laws Income Tax Wed, 08 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794800