Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2002 (1) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2002 (1) TMI 251 - AT - Income TaxExtract: .......in which penalty proceedings were initiated for the first time. However, the penalty order was passed on 25-8-1995. Therefore, the penalty order is barred by limitation. Keeping in view the above discussion, we find no merits in the appeal of the Revenue and accordingly the same is dismissed and the Cross Objection filed by the assessee is allowed.
|