https://www.taxtmi.com/caselaws?id=243080 The Tribunal found that the penalty imposed under section 272A(2)(c) of the Income-tax Act, 1961 should have been appealed before the CIT(A) instead of directly approaching the Tribunal. As the Branch Manager of Punjab National Bank acknowledged the procedural error and sought to withdraw the appeal, permission was granted to withdraw the appeal, resulting in its dismissal. The stay petition was also dismissed accordingly. The Tribunal highlighted the necessity of adhering to the correct appellate authority for penalties imposed under section 272A. en-us Fri, 26 Jul 2013 00:00:00 +0530 Sat, 25 Jan 2014 18:18:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243080 The Tribunal found that the penalty imposed under section 272A(2)(c) of the Income-tax Act, 1961 should have been appealed before the CIT(A) instead of directly approaching the Tribunal. As the Branch Manager of Punjab National Bank acknowledged the procedural error and sought to withdraw the appeal, permission was granted to withdraw the appeal, resulting in its dismissal. The stay petition was also dismissed accordingly. The Tribunal highlighted the necessity of adhering to the correct appellate authority for penalties imposed under section 272A. Case-Laws Income Tax Fri, 26 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243080