2019 (9) TMI 1 - SC - Income Tax

Permission for dispensation with his personal appearance before the trial Court - age of the petitioner is 70 years - Section 362 of Cr.P.C. - HC refused to interfere - The issue involved is, Whether prosecution can be launched where penalty has been reduced from 300% to 100% by the CIT(A) as per section 279(1A) - HELD THAT - Issue notice, returnable within four weeks.

Summary

The Supreme Court issued an order based on Section 279 (1A) of the Income Tax Act and a previous decision in Prem Das Vs. Income Tax Officer. The penalty was reduced from 300% to 100%, leading to a stay on prosecution against the assessee. Notice was issued, returnable within four weeks.