If Assessee Files Appeal before Tribunal, Time Limit for Passing Penalty Order Gets Extended!

It happens all the time. The AO passes an order, and you file an appeal. As is customary, the AO also initiates penalty proceedings u/ 271(1)(c) subsequent to the passing of assessment order. But the penalty proceeding is kept in abeyance till the disposal of appeal by the Commissioner(Appeals). This is on account of section…