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Time Limit - initiation of penalty proceedings u/s 221

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....ime Limit - initiation of penalty proceedings u/s 221 Query (Issue) Started By: - GOPALJI AGRAWAL Dated:- 9-2-2010 Last Reply Date:- 13-2-2010 Income Tax Got 1 Reply Income Tax Dear All I....

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....s there any time limit for initiation of penalty proceedings u/s 221 of the IT Act? There is limitation for concluding the same u/s 275 once initiated. Please help me out. Gopal Reply By Rama Krisha....

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....na: The Reply: Yes, you are correct, section 221 read with section 275, there is no time limit for initiation of penalty proceedings. There is time limit for completion of penalty proceedings. Dis....

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Time Limit - initiation of penalty proceedings u/s 221