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TMI BlogBar of limitation for imposing penaltiesX X X X Extracts X X X X X X X X Extracts X X X X ..... of appeal under section 246 or section 246A is received by the jurisdictional Principal Commissioner or Commissioner, if the relevant assessment or other order is the subject matter of an appeal under the said sections and no further appeal has been filed under section 253; (d) the order of appeal under section 253 is received by the jurisdictional Principal Commissioner or Commissioner, if the relevant assessment or other order is the subject matter of an appeal under the said section; (e) notice for imposition of penalty is issued, in any other case. (2) The order imposing or enhancing or reducing or cancelling penalty or dropping the proceedings for the imposition of penalty may be revised on the basis of assessment as revised by g ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sioner or Commissioner.] **************** NOTES:- 1. Substituted by the Taxation Laws (Amendment) Act, 1970, w.e.f. 1-4-1971. 2. Renumbered by the Direct Tax Laws (Second Amendment) Act, 1989, w.e.f. 1-4-1989. 3. Substituted for clauses (a) and (b) by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989. Prior to its substitution, clause (a) was amended by the Finance (No. 2) Act, 1977, w.e.f. 10-7-1978. 4. Words "Deputy Commissioner (Appeals) or the" omitted by the Finance (No. 2) Act, 1998, w.e.f. 1-10-1998. 5. Inserted by the Finance Act, 2000, w.e.f. 1-6-2000. 6. Words "Deputy Commissioner (Appeals) or the" omitted by the Finance (No. 2) Act, 1998, w.e.f. 1-10-1998. Earlier the quote ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r is the subject-matter of an appeal 14[to the Joint Commissioner (Appeals) or to the Commissioner (Appeals)] under section 246 5[or section 246A] or an appeal to the Appellate Tribunal under section 253, after the expiry of the financial year in which the proceedings, in the course of which action for the imposition of penalty has been initiated, are completed, or six months from the end of the month in which the order of 13[the Joint Commissioner (Appeals) or the Commissioner (Appeals)] or, as the case may be, the Appellate Tribunal is received by the 15[****] 12[Principal Commissioner or] Commissioner, whichever period expires later : 7[Provided that in a case where the relevant assessment or other order is the subject-matter of an app ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on 253 or an appeal to the High Court under section 260A or an appeal to the Supreme Court under section 261 or revision under section 263 or section 264 and an order imposing or enhancing or reducing or cancelling penalty or dropping the proceedings for the imposition of penalty is passed before the order of 13[the Joint Commissioner (Appeals) or the Commissioner (Appeals)] or the Appellate Tribunal or the High Court or the Supreme Court is received by the 16[****] 12[Principal Commissioner or] Commissioner or the order of revision under section 263 or section 264 is passed, an order imposing or enhancing or reducing or cancelling penalty or dropping the proceedings for the imposition of penalty may be passed on the basis of assessment as ..... X X X X Extracts X X X X X X X X Extracts X X X X
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