https://www.taxtmi.com/caselaws?id=763853 The court dismissed the writ petition, determining that penalty proceedings under Section 275(1)(a) of the Income Tax Act, 1961, can continue during the pendency of an appeal, as the section imposes a limitation period rather than an automatic stay. Additionally, the court held that the petitioner should utilize the remedy under Section 220(6) to seek a stay of demand once a demand notice is issued, before seeking judicial intervention. The court emphasized the necessity of exhausting statutory remedies prior to invoking writ jurisdiction. en-us Tue, 10 Dec 2024 00:00:00 +0530 Mon, 30 Dec 2024 08:39:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763853 The court dismissed the writ petition, determining that penalty proceedings under Section 275(1)(a) of the Income Tax Act, 1961, can continue during the pendency of an appeal, as the section imposes a limitation period rather than an automatic stay. Additionally, the court held that the petitioner should utilize the remedy under Section 220(6) to seek a stay of demand once a demand notice is issued, before seeking judicial intervention. The court emphasized the necessity of exhausting statutory remedies prior to invoking writ jurisdiction. Case-Laws Income Tax Tue, 10 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763853