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2016 (3) TMI 1084 - AT - Income TaxPenalty u/s 271D / 271E - Issue of limitation by invoking “Rule 27” of ITAT Rules - period of limitation prescribed u/s 275(1)( c) - Held that:- all the impugned orders levying penalty are barred by Limitation. The penalty order should have been passed not later than 30th June, 2012. As the impugned order is passed beyond this date, all the appeals are barred by Limitation. Hence all the Revenue appeals are dismissed. - Decided in favour of assessee
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