Monday, July 28, 2014

[aaykarbhavan] Tribunal had to stay penalty proceeding during pendency of appeal




Tribunal had to stay penalty proceeding during pendency of appeal

July 28, 2014[2014] 46 taxmann.com 374 (Gujarat)/[2014] 224 Taxman 140 (Gujarat)(MAG.)/[2013] 358 ITR 410 (Gujarat)/[2014] 266 CTR 207 (Gujarat)
IT : Tribunal under section 254 has power to grant stay of penalty proceedings as incidental or ancillary to its appellate jurisdiction, provided Tribunal is satisfied that entire purpose of appeal would be frustrated or rendered nugatory by allowing such proceedings to continue during pendency of appeal
 
Regards
Prarthana Jalan


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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>


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