Tribunal's Rs. 50 lakh demand deemed unnecessary; assessee's substantial compliance with Section 271(1)(c) penalty acknowledged.

Stay application on penalty u/s 271(1)(c) - the assessee has already paid the full tax amount and also approximately 25 percent of the penalty amount earlier, the Tribunal ought not to have required the assessee to deposit a further sum of Rs. 50 lakhs - HC .....

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