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2015 (9) TMI 111 - AT - Income TaxPenalty u/s 271D - CIT(A) deleted the penalty as time barred - Held that:- When we examine the objection raised by the assessee on the issue of limitation in view of the provisions laid down u/s 275 (1) (c) of the Act, we find that in the present case penalty order has been passed beyond 6 months from the end of the month in which assessment was completed. The assessment in the present case was completed on 30.12.2009 and the penalty order u/s 271D has been passed on 10.3.2012 which is undisputedly beyond the 6 months and if we compute the time limit from the show cause notice dated 7.3.2011 as referred in the penalty order, six months expires on 30.9.2011., hence the order of the penalty levied u/s 271D is barred by time limit. - Decided in favour of assessee.
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