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2013 (5) TMI 857 - AT - Income TaxPenalty u/s 271E - whether imposition is time barred as per section 275(1)(c) ? - Held that:- The cases under appeal fall under section 275(1)(a). Both the orders of penalty have been passed well within the period of limitation laid down therein. The order of the CIT(A) cancelling the impugned penalties on the ground that they were time barred in terms of clause (c) of sub-section (1) of section 275 is unsustainable in law for the reason that bar of limitation as contained in clause (c) of section 275(1) applies only in those cases which do not fall under clauses (a) and (b) of section 275(1). The impugned orders passed by the CIT(A) cancelling the impugned penalties as time barred u/s 275(1)(c) are therefore liable to be set aside and they are accordingly set aside. Appeal filed by the Revenue is allowed to that extent.
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