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2020 (3) TMI 342 - HC - Income TaxPenalty u/s 271(1)(c) - As submitted that regarding penalty as per the records, no such penalty existed against the applicants' firm and there were no records available in the office of the Pr. Commissioner of Income Tax, Meerut to show that any such penalty exists against the applicants' firm as is evident from page 103 of the application - HELD THAT:- Opposite party no.2 opposed the contentions made by the learned counsel for the applicants and submitted that the report regarding penalty for the assessment year 1983-84, which is annexed at page 103 is with respect to the Proprietor, Anand Kumar Jain and not with respect to the applicants' firm. It has further been submitted that in pursuance of the order dated 16.04.1999, a detailed application was moved by the applicants but various ground regarding whether any penalty existed against the applicants' firm have not been dealt with. It is directed that the applicant may file a proper application before the concerned Magistrate, who will after considering all the facts and circumstances of the case, pass a reasoned order, expeditiously, preferably within a period of two months from today, if there is no other legal impediment. For a period of two months from today or till the disposal of the applicants' application, whichever is earlier, no coercive action shall be taken against the applicants.
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