TaxTMI 
TaxTMI 
Bar of limitation for imposing penalties - Section 275
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....der of revision under section 263 or section 264 is passed, if the relevant assessment or other order is the subject matter of revision under the said sections; (c) the order of appeal under section 246 or section 246A is received by the jurisdictional Principal Commissioner or Commissioner, if the relevant assessment or other order is the subject matter of an appeal under the said sections and no further appeal has been filed under section 253; (d) the order of appeal under section 253 is received by the jurisdictional Principal Commissioner or Commissioner, if the relevant assessment or other order is the subject matter of an appeal under the said section; (e) notice for imposition of penalty is issued, in any other case. Revision ....
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....opportunity to the assessee to be reheard under the proviso to section 129; (b) the period commencing on the date on which stay on proceeding for levy of penalty was granted by an order or injunction of any court and ending on the date on which certified copy of the order vacating the stay was received by the jurisdictional Principal Commissioner or Commissioner.". Upto 31.03.2025 1. Where penalty is to levied for under reporting or misreporting of income u/s 270A * Where penalty is to be levied by the AO in an assessment made by him. Situation (i)(a) Where an appeal filed against the assessment order to the Joint Commissioner (Appeals) or to the Commissioner (Appeals) [Amendment by FA, 2023] [Section 275(1)(a) and its....
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....r passing penalty order Penalty order can be passed by AO - * On or before the expiry of the financial year in which the assessment proceedings are completed, or * On or before the expiry of 6 months from the end of the month in which action for imposition of penalty is initiated. whichever is later * Where the penalty is to levied by the Joint Commissioner (Appeals) or to the Commissioner (Appeals) in an order passed by him u/s 250 Situation (i) Where an appeal has been filed to ITAT against such order Time limit for passing penalty order Penalty order can be passed by JCIT(A) or CIT(A) - * On or befo....
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....edings Time limit for passing penalty order Time limit of passing an order is same as given in Point No. 1(A)(ia), (ib), (ii) and (iii) above Situation (b) Where is levied after completion of assessment or no assessment is to be made Time limit for passing penalty order Penalty order can be passed - * On or before the expiry of the financial year in which order in which penalty proceedings were initiated, or * Within 6 months from the end of the month in which penalty proceedings were initiated whichever is later 3. Situation Where the relevant assessment or other order is the subject-matter of an appeal to the Joint Commissioner (Appeals) or to the Commissioner (Appeals) or to the Appellate Tribunal, to th....