Stay of demand: expedite appeal hearings and use supervisory powers to reduce and recover disputed tax. A study of 240 stayed tax demands showed disputes-especially miscellaneous additions and estimated gross profits-were the main cause, with stays often granted by Income tax Officers and security seldom taken. The Board directs avoiding high pitched assessments, full use of supervisory powers under sections 144A and 144B by Inspecting Assistant Commissioners to curb needless additions, and active steps to expedite appeals (requests for early hearings, Tribunal follow up, counsel action) together with continuous monitoring to enable prompt recovery when appeals are decided.
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Provisions expressly mentioned in the judgment/order text.
Stay of demand: expedite appeal hearings and use supervisory powers to reduce and recover disputed tax.
A study of 240 stayed tax demands showed disputes-especially miscellaneous additions and estimated gross profits-were the main cause, with stays often granted by Income tax Officers and security seldom taken. The Board directs avoiding high pitched assessments, full use of supervisory powers under sections 144A and 144B by Inspecting Assistant Commissioners to curb needless additions, and active steps to expedite appeals (requests for early hearings, Tribunal follow up, counsel action) together with continuous monitoring to enable prompt recovery when appeals are decided.
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