Delhi High Court today allowed the income tax department to go ahead with its penalty proceedings against telecom major Vodafone, but asked the agency not to give effect to its final order till the next hearing in July.
A vacation bench of V Kameswar Rao and I S Mehta passed the order on Vodafone's plea seeking stay on the penalty proceedings which was initiated against it in December last year in connection with an assessment order for the year 2011-12.

Source - http://economictimes.indiatimes.com