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of <h1>ITAT Delhi dismisses stay petitions for penalty proceedings under Income-tax Act</h1> The ITAT DELHI dismissed the assessee's stay petitions for penalty proceedings under section 271(1)(c) of the Income-tax Act, 1961, as the penalty order ... Stay of penalty proceedings u/s 271(1)(c) - HELD THAT:- Penalty order has already been framed by the Assessing Officer u/s 271(1)(c) of the Act. On such statement, the captioned Stay Applications become otiose and hence dismissed. The Appellate Tribunal ITAT DELHI dismissed the stay petitions filed by the assessee for penalty proceedings initiated by the Assessing Officer under section 271(1)(c) of the Income-tax Act, 1961. The stay applications were dismissed as the penalty order had already been framed. The order was pronounced on 15.04.2019.
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