1991 (11) TMI 112 - AT - Income Tax

Summary

The application for recovery of penalty amounts pending before the first appellate authority was rejected by the ITAT DELHI-B. The Tribunal stated that the first appellate authority has the jurisdiction to stay the recovery of penalty amounts, and the Tribunal would not interfere with that authority. The assessee did not approach the first appellate authority for staying the demand, so the application was rejected.