Bombay HC Quashes Section 271-D Penalty as Quantum Appeal Was Pending

Yamaji Ramchandra Rithe Vs Union of India (Bombay High Court) The Bombay High Court allowed the writ petition challenging the penalty order dated 20.02.2026 passed under Section 271-D and the corresponding notice of demand under Section 156. The petitioner relied on an earlier decision of the Coordinate Bench in Writ Petition (L) No. 42864 of 2025 dated 03.02.2026, contending that the issue was already covered. The Income Tax Department opposed the petition on the ground that an alternate efficacious remedy was available, while the Union of India supported the impugned order. The Court observe...