GE India Industrial (P.) Ltd. Versus Commissioner of Income-tax (A) -IV, Baroda - Income Tax - ITAT AHMEDABAD - Tri - Stay of penalty proceedings u/s 271(1)(c) Held that - As per the provisions of Section 275(1)(a) of the Act Assessing Officer cannot pass an order imposing penalty u/s 271(1)(c) of the Act till relevant assessment is subject matter of appeal before ld. CIT(A) (i.e. the first appellate authority). By the same analogy CIT(A) shall not undertake penalty proceedings till the dispos................................... Income Tax - Case Laws
↧