TMI Blog2019 (3) TMI 1036X X X X Extracts X X X X X X X X Extracts X X X X ..... hed 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 sta ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nst the assessee under Section 271(1)(c) of the Income Tax Act, 1961. The appeal is admitted. Substantial question of law is also framed. Pending such appeal, the Competent Authority has issued a show cause notice to the appellant why the prosecution should not be launched pursuant to such penalty order. 2. We are informed that the appellant has paid up the entire penalty in terms of the pena ..... X X X X Extracts X X X X X X X X Extracts X X X X
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