Case Law Analysis
|Income Tax Appellate Tribunal
Section 271(1)(c) IT Act | Penalty Barred During Quantum Appeal on Substantial Questions of Law : ITAT Bangalore
ITAT Bangalore holds that penalty under Section 271(1)(c) cannot be levied while the quantum addition remains under appeal before the High Court on substantial questions of law. The ruling reinforces procedural fairness, preventing dual proceedings and ensuring penalties are contingent on final adjudication of tax liability.