https://www.taxtmi.com/caselaws?id=353195 The Tribunal held that it possesses the power to stay penalty proceedings under section 271(1)(c) of the Income Tax Act. In this case, the Tribunal granted a stay against the penalty proceedings for a period of six months or until the disposal of the appeals, whichever is earlier. The Tribunal directed the registry to expedite the hearing of the appeals and instructed the assessee to cooperate in the early disposal of the appeals. The stay petitions filed by the petitioner were allowed. en-us Wed, 03 May 2017 00:00:00 +0530 Fri, 29 Dec 2017 08:45:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353195 The Tribunal held that it possesses the power to stay penalty proceedings under section 271(1)(c) of the Income Tax Act. In this case, the Tribunal granted a stay against the penalty proceedings for a period of six months or until the disposal of the appeals, whichever is earlier. The Tribunal directed the registry to expedite the hearing of the appeals and instructed the assessee to cooperate in the early disposal of the appeals. The stay petitions filed by the petitioner were allowed. Case-Laws Income Tax Wed, 03 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353195