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of <h1>CBDT Confirms Instruction No. 1914 as Current Guideline for Handling Stay of Tax Demands, Superseding Earlier Instructions.</h1> The Central Board of Direct Taxes (CBDT) clarified the status of various instructions regarding the stay of tax demands. Instruction No. 95, issued in 1969, suggested holding tax collection in abeyance if assessed income was significantly higher than reported, provided no lapses by the assessee. Subsequent instructions refined this guideline, culminating in Instruction No. 1362 in 1980, which superseded all previous ones. In 1993, Instruction No. 1914 further superseded all prior instructions, including No. 1362, and addressed high assessments and genuine hardships. Currently, Instruction No. 1914 is the prevailing guideline for handling stay of demand cases.
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