2011 (3) TMI 1334 - HC - Income Tax

Penalty u/s 221(1) - Held that - The penalty notice issued is premature consedring the pendency of the appeals and the stay petitions - 2nd respondent will consider Exts.P5(a), P6(a) and P7(a) stay petitions filed with notice to the petitioner and pass orders thereon as expeditiously as possible, at any rate within 4 weeks of production of a copy of this judgment along with a copy of this writ petition - Writ petition is disposed of.

Summary

The High Court of Kerala directed the 2nd respondent to consider stay petitions filed by the petitioner and pass orders within 4 weeks. Recovery proceedings were stayed until then. The writ petition was disposed of accordingly.