Pending Appeal Doesn't Delay Penalty Proceedings u/s 270A of Income Tax Act, Says High Court.

Pending Appeal Doesn't Delay Penalty Proceedings u/s 270A of Income Tax Act, Says High Court. https://www.taxtmi.com/highlights?id=60432 Penalty u/s 274 read with Section 270 - Merely because an appeal against the said assessment order is pending consideration, the same is not a reason to defer initiation of proceedings for penalty under Section 270A of the Act. If the contention of the petitioner is accepted, the same will unnecessarily delay the proceeding under Section 270A of the Act which is not contemplated under the scheme of the statute. - HC en-us Wed, 10 Nov 2021 07:02:15 +0530 Wed, 10 Nov 2021 07:02:15 +0530 TaxTMI RSS Generator Pending Appeal Doesn't Delay Penalty Proceedings u/s 270A of Income Tax Act, Says High Court. https://www.taxtmi.com/highlights?id=60432 Penalty u/s 274 read with Section 270 - Merely because an appeal against the said assessment order is pending consideration, the same is not a reason to defer initiation of proceedings for penalty under Section 270A of the Act. If the contention of the petitioner is accepted, the same will unnecessarily delay the proceeding under Section 270A of the Act which is not contemplated under the scheme of the statute. - HC Highlights Income Tax Wed, 10 Nov 2021 07:02:15 +0530 https://www.taxtmi.com/highlights?id=60432