Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2019 (3) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2019 (3) TMI 1036 - HC - Income TaxInitiation of prosecution - Penalty upheld by ITAT - substantial question of law relating to penalty u/s 271(1)(c) pending before High Court - Motion moved in pending appeal - Competent Authority has issued a show cause notice to the appellant why the prosecution should not be launched pursuant to such penalty order - HELD THAT:- We are informed that the appellant has paid up the entire penalty in terms of the penalty order. Considering such fact and also considering the fact that the appeal against the penalty is admitted and the substantial question of law framed by the Court is pending for consideration, we stay the operation of the penalty order. Resultantly, at this stage, there would no question of launching prosecution. With these directions,Followed Motion is disposed of. Followed - SHRI SUPARAS D JAIN [ASSOCIATE VICE PRESIDENT (CORPORATE FINANCE) ] [FOR DEEPAK FERTILIZERS AND PETROCHEMICALS CORPORATION LIMITED VERSUS ADDL CIT, RANGE3 (1)2017 (8) TMI 1508 - BOMBAY HIGH COURT
|