1991 (8) TMI 30 - HC - Income Tax

Summary

The High Court of Allahabad directed the Income-tax Appellate Tribunal to decide on a stay application for assessment years 1978-79 to 1986-87 within one month. The penalty proceedings under section 271(1)(c) of the Income-tax Act were ordered to be stayed until the appeal/stay application is resolved. The writ petition was finally disposed of with these directions.