2016 (2) TMI 41

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.... MAUNA M BHATT, ADVOCATE ORAL ORDER (PER : HONOURABLE MR.JUSTICE AKIL KURESHI) 1. The petitioner is Ahmedabad Urban Development Authority and has challenged the action of department of recovering full amount of penalty imposed by the Assessing Officer in connection with the assessment year 20102011. 2. Brief facts are that for the assessment year 20102011, the petitioner filed return of inco....

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....hat emerges is that against quantum addition, the petitioner has already appealed before the Tribunal. The Tribunal has granted stay against recovery on the condition of depositing 50% of tax dues. The appeal against quantum addition is ripe for hearing before the Tribunal. Quite apart from these developments, it is hugely doubtful whether this would be a case for penalty under section 271(1)(c) o....