2003 (9) TMI 75 - HC - Income Tax

Writ petition seeking stay on recovery proceedings dismissed due to non-compliance with Tribunal terms

The High Court of Punjab and Haryana dismissed the writ petition seeking stay on recovery proceedings by the Income-tax Tribunal due to the petitioner's ... Tax recovery - The Tribunal declined to stay the recovery proceedings. The alternative prayer made by the assessee that the appeal be heard out of turn has been accepted by the Tribunal and the case is now fixed for final hearing on October 7, 2003. The petitioner wants this court to stay the recovery proceedings till the disposal of the appeal. The amount involved is quite substantial and we are of the view that the Tribunal had put the parties to reasonable terms which the petitioner could not comply with. There is, thus, no ground for us to interfere particularly when the appeal is pending before the Tribunal for final disposal. The High Court of Punjab and Haryana dismissed the writ petition seeking stay on recovery proceedings by the Income-tax Tribunal. The petitioner failed to comply with the terms set by the Tribunal, leading to the denial of stay. The appeal is pending for final hearing on October 7, 2003. No costs were awarded in this judgment. (Case Citation: 2003 (9) TMI 75 - PUNJAB AND HARYANA High Court)