https://www.taxtmi.com/caselaws?id=394532 The Tribunal granted a stay of recovery of the balance outstanding penalty amounting to Rs. 5,27,23,794 for assessment years 2007-08 to 2010-11, until the disposal of the appeal or six months, whichever is earlier. The decision was based on the substantial liability already discharged by the assessee, the debatable nature of the penalty imposition, and the cooperation shown in the proceedings. The Tribunal emphasized an expedited hearing for the penalty appeals and required the assessee's full cooperation, warning that non-compliance would result in the vacation of the stay. en-us Fri, 21 Feb 2020 00:00:00 +0530 Wed, 15 Apr 2020 14:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394532 The Tribunal granted a stay of recovery of the balance outstanding penalty amounting to Rs. 5,27,23,794 for assessment years 2007-08 to 2010-11, until the disposal of the appeal or six months, whichever is earlier. The decision was based on the substantial liability already discharged by the assessee, the debatable nature of the penalty imposition, and the cooperation shown in the proceedings. The Tribunal emphasized an expedited hearing for the penalty appeals and required the assessee's full cooperation, warning that non-compliance would result in the vacation of the stay. Case-Laws Income Tax Fri, 21 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394532