Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2017 (6) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2017 (6) TMI 136 - AT - Income TaxLevy of penalty u/s.271D - Period of limitation - Held that:- Admittedly, the Hon’ble Rajasthan High Court decision in the case of Hissaria Bros. [2006 (7) TMI 163 - RAJASTHAN High Court] wherein the Hon’ble High Court of Rajasthan has held that once show cause notice is issued by the AO then the time limit would run from that show cause notice. This view has also be confirmed by the Apex Court in [2016 (8) TMI 1044 - SUPREME COURT ] Penalty Order passed by the Addl. Commissioner of Income Tax, Central Range, Coimbatore on 31.01.2007 was barred by limitation in so far as the show cause notice had already been issued on 26.03.2006 by the Dy. Commissioner of Income Tax, Central Circle, Salem. - Decided in favour of assessee.
|