₹101 Crore Penalty Put on Hold for Being Passed During Pending Assessment Appeal

Maharashtra State Electricity Transmission Company Limited Vs Assessment Unit & Ors. (Bombay High Court) The Bombay High Court considered a writ petition filed by the petitioner challenging an order dated 26 September 2025 passed under Section 271(1)(c) of the Income Tax Act, 1961, by which a penalty of approximately ₹101 crores was imposed. The petitioner contended that the penalty order was illegal and premature because the underlying quantum assessment had already been appealed before the Income Tax Appellate Tribunal (ITAT), and the appeal was still pending. It was argued that once a...