https://www.taxtmi.com/caselaws?id=11221 The High Court dismissed the applications seeking a stay of penalty proceedings under section 18(1)(c) of the Wealth-tax Act, 1957 for assessment years 1990-91, 1991-92, and 1992-93. The court held that penalty proceedings are separate from regular proceedings and cannot be stayed based on pending appeals concerning questions of law. The applications were found not maintainable as they did not directly arise from the Tribunal's order, leading to their dismissal. The court clarified that the dismissal did not bar the petitioner from exploring other legal options regarding the penalty proceedings. en-us Thu, 11 Mar 2004 00:00:00 +0530 Sun, 02 Aug 2009 15:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11221 The High Court dismissed the applications seeking a stay of penalty proceedings under section 18(1)(c) of the Wealth-tax Act, 1957 for assessment years 1990-91, 1991-92, and 1992-93. The court held that penalty proceedings are separate from regular proceedings and cannot be stayed based on pending appeals concerning questions of law. The applications were found not maintainable as they did not directly arise from the Tribunal's order, leading to their dismissal. The court clarified that the dismissal did not bar the petitioner from exploring other legal options regarding the penalty proceedings. Case-Laws Wealth-tax Thu, 11 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11221