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of <h1>Bombay HC stays penalty order in Income Tax Appeal</h1> <h3>M. Suresh Company Pvt Ltd. Versus Pr. Commissioner of Income Tax -5</h3> M. Suresh Company Pvt Ltd. Versus Pr. Commissioner of Income Tax -5 - Tmi The Bombay High Court stayed the operation of a penalty order against the appellant assessee in an Income Tax Appeal, as the appellant had paid the penalty and the appeal was admitted with a substantial question of law framed. The Competent Authority issued a show cause notice regarding launching prosecution, but the Court disposed of the motion with directions to stay the penalty order.
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