https://www.taxtmi.com/caselaws?id=19082 The court upheld the jurisdiction of the issuing authority to issue penalty notices under section 271(1)(c) of the Income-tax Act, 1961. It emphasized the discretionary nature of writ jurisdiction and the importance of exhausting statutory remedies before seeking prerogative writs. The court found no legal infirmity in issuing multiple penalty notices for the same assessment year and upheld the Tribunal's discretionary power to refuse to stay proceedings. The court directed the expedited resolution of pending appeals before the Tribunal and disposed of the petition, vacating any existing stay order. en-us Thu, 17 Aug 1995 00:00:00 +0530 Tue, 03 Nov 2009 18:11:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19082 The court upheld the jurisdiction of the issuing authority to issue penalty notices under section 271(1)(c) of the Income-tax Act, 1961. It emphasized the discretionary nature of writ jurisdiction and the importance of exhausting statutory remedies before seeking prerogative writs. The court found no legal infirmity in issuing multiple penalty notices for the same assessment year and upheld the Tribunal's discretionary power to refuse to stay proceedings. The court directed the expedited resolution of pending appeals before the Tribunal and disposed of the petition, vacating any existing stay order. Case-Laws Income Tax Thu, 17 Aug 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19082