Stay of tax recovery where assessed income exceeds returned income is limited to cases with no lapses by the assessee. Instruction No. 977/CBDT limits the earlier assurance permitting stay of tax collection until first appeal where assessed income is substantially higher than returned income to cases meeting the assurance's conditions; in particular stays apply only if there are no lapses by the assessee, and the Board has appealed a High Court decision that treated Board instructions as binding.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Stay of tax recovery where assessed income exceeds returned income is limited to cases with no lapses by the assessee.
Instruction No. 977/CBDT limits the earlier assurance permitting stay of tax collection until first appeal where assessed income is substantially higher than returned income to cases meeting the assurance's conditions; in particular stays apply only if there are no lapses by the assessee, and the Board has appealed a High Court decision that treated Board instructions as binding.
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