https://www.taxtmi.com/caselaws?id=278520 The High Court granted an out-of-turn hearing for the admission of the Appeal based on reasons presented in the supporting affidavit. It emphasized the importance of clearly specifying the act attributable to the assessee for proposed penalties under the Income Tax Act. The Court admitted the Appeal on substantial questions of law regarding the Tribunal's approval of the penalty imposed under Section 271(1)(c). It assessed the Assessing Officer's justification for penalty initiation and ruled in favor of staying prosecution until the Appeal is resolved. en-us Mon, 21 Aug 2017 00:00:00 +0530 Sat, 09 Feb 2019 14:20:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278520 The High Court granted an out-of-turn hearing for the admission of the Appeal based on reasons presented in the supporting affidavit. It emphasized the importance of clearly specifying the act attributable to the assessee for proposed penalties under the Income Tax Act. The Court admitted the Appeal on substantial questions of law regarding the Tribunal's approval of the penalty imposed under Section 271(1)(c). It assessed the Assessing Officer's justification for penalty initiation and ruled in favor of staying prosecution until the Appeal is resolved. Case-Laws Income Tax Mon, 21 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278520