https://www.taxtmi.com/caselaws?id=380962 The Tribunal granted a stay on the outstanding demand of Rs. 125,00,000 in penalty proceedings under section 271(1)(c) of the Income Tax Act, 1961. The stay was allowed for 180 days or until the disposal of the main appeal, with directions for the Assessing Officer not to take any coercive action during the stay period. The Tribunal found that the assessee had established a prima facie case and scheduled the main appeal for an expedited hearing without the need for a separate notice, ensuring fairness and justice in the proceedings. en-us Tue, 28 May 2019 00:00:00 +0530 Sat, 01 Jun 2019 07:55:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380962 The Tribunal granted a stay on the outstanding demand of Rs. 125,00,000 in penalty proceedings under section 271(1)(c) of the Income Tax Act, 1961. The stay was allowed for 180 days or until the disposal of the main appeal, with directions for the Assessing Officer not to take any coercive action during the stay period. The Tribunal found that the assessee had established a prima facie case and scheduled the main appeal for an expedited hearing without the need for a separate notice, ensuring fairness and justice in the proceedings. Case-Laws Income Tax Tue, 28 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380962