https://www.taxtmi.com/caselaws?id=252617 The High Court allowed the petition, directing the respondents to refund the penalty amount of Rs. 1,13,32,499.00 to the petitioner within two months, along with interest as per Section 244A(1)(b) of the Income Tax Act, 1961. The Court emphasized that the authorities were obligated to cancel the penalty and refund the amount following the Tribunal's order, and the petitioner was justified in seeking relief through Article 226 of the Constitution. en-us Fri, 17 Oct 2014 00:00:00 +0530 Thu, 30 Oct 2014 06:21:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252617 The High Court allowed the petition, directing the respondents to refund the penalty amount of Rs. 1,13,32,499.00 to the petitioner within two months, along with interest as per Section 244A(1)(b) of the Income Tax Act, 1961. The Court emphasized that the authorities were obligated to cancel the penalty and refund the amount following the Tribunal's order, and the petitioner was justified in seeking relief through Article 226 of the Constitution. Case-Laws Income Tax Fri, 17 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252617