2019 (1) TMI 1058

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....Mehta (CIT). ORDER PER: VIJAY PAL RAO, J.M. By way of this Stay petition, the assessee is seeking stay against the outstanding demand of penalty levied U/s 271AAB of the Income Tax Act, 1961 (in short the Act.) 2. We have heard the ld. AR of the assessee as well as the ld DR and considered the relevant material on record. The penalty levied by the Assessing Officer U/s 271AAB of the Ac....