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of <h1>High Court admits appeal on penalty under Income Tax Act</h1> <h3>THE COMMR. OF I.T., KOL. Versus M/s. THAKUR PRASAD SAO & SONS (P) LTD.</h3> The Calcutta High Court admitted an appeal concerning the imposition of a penalty under section 271(1)(c) of the Income Tax Act, 1961. The court ... - The Calcutta High Court admitted an appeal involving a substantial question of law regarding the imposition of a penalty under section 271(1)(c) of the Income Tax Act, 1961. The court directed the filing of paper books within six weeks and served a Notice of Appeal to the respondent. The appellant was granted liberty to request an expedited hearing of the appeal.
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