https://www.taxtmi.com/caselaws?id=5104 The Supreme Court held that the Income-tax Appellate Tribunal has the authority to stay the recovery of penalties during the appeal process, as it is incidental to its appellate jurisdiction under section 254(1) of the Income-tax Act, 1961. This power ensures the effectiveness of the Tribunal's appellate functions and prevents the appeal from becoming futile. The Court dismissed the appeal, with each party responsible for its own costs. en-us Wed, 11 Sep 1968 00:00:00 +0530 Sat, 30 Apr 2022 11:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5104 The Supreme Court held that the Income-tax Appellate Tribunal has the authority to stay the recovery of penalties during the appeal process, as it is incidental to its appellate jurisdiction under section 254(1) of the Income-tax Act, 1961. This power ensures the effectiveness of the Tribunal's appellate functions and prevents the appeal from becoming futile. The Court dismissed the appeal, with each party responsible for its own costs. Case-Laws Income Tax Wed, 11 Sep 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5104