https://www.taxtmi.com/caselaws?id=61541 The Tribunal upheld the decision of the Commissioner of Income Tax (Appeals) to cancel the penalty imposed by the Assessing Officer under section 271(1)(c) of the IT Act. The penalty order was deemed invalid as it was passed beyond the period of limitation prescribed in section 275 of the IT Act. The Tribunal dismissed the Revenue's appeal, affirming the cancellation of the penalty due to being time-barred. en-us Fri, 11 May 2001 00:00:00 +0530 Thu, 13 Jan 2011 12:20:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61541 The Tribunal upheld the decision of the Commissioner of Income Tax (Appeals) to cancel the penalty imposed by the Assessing Officer under section 271(1)(c) of the IT Act. The penalty order was deemed invalid as it was passed beyond the period of limitation prescribed in section 275 of the IT Act. The Tribunal dismissed the Revenue's appeal, affirming the cancellation of the penalty due to being time-barred. Case-Laws Income Tax Fri, 11 May 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61541