Income Tax Penalty u/s 271(1)(c) Set Aside Due to Missed Deadline Per Section 275(1)(a) Proviso.

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....Penalty under u/s 271(1)(c) - period of limitation - as per the proviso to section 275(1)(a) of the Act, the penalty order ought to have been passed on or before 31.3.2005. i.e. within one year from the end of the financial year in which the Id. CIT(A)'s order was received back by the Department - penalty set aside - AT....