https://www.taxtmi.com/caselaws?id=6882 The Court quashed the penalty order imposed under section 221(1) of the Income-tax Act, 1961, for non-payment of tax without considering the petitioner's application for a stay on the disputed tax pending appeal. Emphasizing the need for the Income-tax Officer to assess default status and consider relevant circumstances before imposing penalties, the Court directed a review of the application before any penalty decision. The petitioner's plea was granted, highlighting the significance of due process and fair consideration in penalizing defaulting taxpayers. en-us Wed, 21 Sep 1966 00:00:00 +0530 Fri, 06 Feb 2009 18:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6882 The Court quashed the penalty order imposed under section 221(1) of the Income-tax Act, 1961, for non-payment of tax without considering the petitioner's application for a stay on the disputed tax pending appeal. Emphasizing the need for the Income-tax Officer to assess default status and consider relevant circumstances before imposing penalties, the Court directed a review of the application before any penalty decision. The petitioner's plea was granted, highlighting the significance of due process and fair consideration in penalizing defaulting taxpayers. Case-Laws Income Tax Wed, 21 Sep 1966 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6882