https://www.taxtmi.com/caselaws?id=256322 The Tribunal granted the stay petition, directing the CIT(A) to keep the penalty proceedings in abeyance until the disposal of the quantum appeal by the Tribunal. The Tribunal emphasized the need to avoid multiplicity of proceedings and potential harassment to the assessee, following the principles laid down by the Hon'ble Gujarat High Court in similar cases. The Tribunal also directed that the main appeal be decided and disposed of within three months to ensure timely resolution. en-us Fri, 06 Feb 2015 00:00:00 +0530 Tue, 10 Feb 2015 06:43:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256322 The Tribunal granted the stay petition, directing the CIT(A) to keep the penalty proceedings in abeyance until the disposal of the quantum appeal by the Tribunal. The Tribunal emphasized the need to avoid multiplicity of proceedings and potential harassment to the assessee, following the principles laid down by the Hon'ble Gujarat High Court in similar cases. The Tribunal also directed that the main appeal be decided and disposed of within three months to ensure timely resolution. Case-Laws Income Tax Fri, 06 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256322