In the result, the assessee’s appeal is dismissed
Bench: Sh. Sanjay Arorai.T.A. No. 594/Asr/2014 Assessment Year: 1997-98
246 or s. 246A, and the Commissioner (Appeals) passes the order on or after June 01, 2003, the penalty order shall be passed before the expiry of the financial year, in which the proceedings, in the course of which action for imposing penalty has been initiated, are completed, or within one year from the end of the financial year