https://www.taxtmi.com/caselaws?id=785660 Levy of penalty under the tax penalty provision was contested on grounds that a substantial question of law raised in relation to assessment years 2013-14 to 2019-20 was pending before the High Court; this pendency formed the basis for setting aside the appellate and penalty orders. The tribunal held that the assessing officer is at liberty to initiate penalty proceedings only after the substantial question of law is decided by the High Court, and the taxpayer's challenge to the penalty proceedings was allowed accordingly. en-us Fri, 23 Jan 2026 00:00:00 +0530 Thu, 29 Jan 2026 09:51:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785660 Levy of penalty under the tax penalty provision was contested on grounds that a substantial question of law raised in relation to assessment years 2013-14 to 2019-20 was pending before the High Court; this pendency formed the basis for setting aside the appellate and penalty orders. The tribunal held that the assessing officer is at liberty to initiate penalty proceedings only after the substantial question of law is decided by the High Court, and the taxpayer's challenge to the penalty proceedings was allowed accordingly. Case-Laws Income Tax Fri, 23 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785660