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2019 (5) TMI 1500 - AT - Income TaxPenalty u/s 158BFA(2) - Claim of the Appellant is that the order imposing penalty is barred by limitation - HELD THAT:- The penalty order u/s 158BFA should have been passed within six months from the end of the month in which order of the Tribunal dated 03.08.2007 was received by the concerned authority. However, in the instant case, the penalty order is dated 19.05.2011, which in our considered view is beyond the limitation period as prescribed in section 158BFA(3)(c) of the Act. Penalty order is held to be barred by limitation and, therefore, quashed. - Decided in favour of assessee.
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