HC on issue of prosecution notice despite admission of Appeal by HC

M. Suresh Company Pvt Ltd Vs Pr. CIT (Bombay High Court) 1. This Motion is taken by the appellant assessee in Income Tax Appeal No. 738 of 2016. The appeal arises out of a judgment of the Income Tax Appellate Tribunal confirming penalty against the assessee under Section 271(1)(c) of the Income Tax Act, 1961. The appeal is admitted. Substantial question of law is also framed. Pending such appeal, the Competent Authority has issued a show cause notice to the appellant why the prosecution should not be launched pursuant to such penalty order. 2. We are informed that the appellant has paid up the...