https://www.taxtmi.com/caselaws?id=245711 The High Court set aside the Tribunal's order for an additional deposit in a case challenging a penalty under section 271(1)(c) of the Income-tax Act for the assessment year 2004-05. The petitioner, engaged in the export of computer software and IT services, had already paid the full tax amount and a portion of the penalty, demonstrating compliance and a strong prima facie case. The High Court directed the petitioner to deposit a further amount of Rs. 50 lakhs, while maintaining other directions in the impugned order. en-us Wed, 12 Feb 2014 00:00:00 +0530 Sat, 21 Feb 2015 17:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245711 The High Court set aside the Tribunal's order for an additional deposit in a case challenging a penalty under section 271(1)(c) of the Income-tax Act for the assessment year 2004-05. The petitioner, engaged in the export of computer software and IT services, had already paid the full tax amount and a portion of the penalty, demonstrating compliance and a strong prima facie case. The High Court directed the petitioner to deposit a further amount of Rs. 50 lakhs, while maintaining other directions in the impugned order. Case-Laws Income Tax Wed, 12 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245711