https://www.taxtmi.com/caselaws?id=791701 Penalty proceedings under Section 271C based on the same tax dispute as the pending assessment appeals were kept in abeyance. The Court noted that the petitioner had already challenged the assessment-related orders before the Tribunal, had made substantial deposits against the disputed demand, and that recovery proceedings arising from the same controversy had earlier been stayed. In that setting, the Court maintained status quo and protected the parties' positions by directing that the penalty action remain suspended until the Tribunal decided the connected appeals. en-us Tue, 24 Feb 2026 00:00:00 +0530 Fri, 15 May 2026 09:15:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791701 Penalty proceedings under Section 271C based on the same tax dispute as the pending assessment appeals were kept in abeyance. The Court noted that the petitioner had already challenged the assessment-related orders before the Tribunal, had made substantial deposits against the disputed demand, and that recovery proceedings arising from the same controversy had earlier been stayed. In that setting, the Court maintained status quo and protected the parties' positions by directing that the penalty action remain suspended until the Tribunal decided the connected appeals. Case-Laws Income Tax Tue, 24 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791701