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of <h1>CBDT Instruction No. 500: Ensure Timely, Transparent Handling of Tax Stay Petitions by Income-Tax Officers.</h1> The Central Board of Direct Taxes (CBDT) has issued Instruction No. 500, dated January 20, 1973, addressing concerns about the handling of petitions for stay of demand by Income-tax Officers. It has been noted that these petitions are often dismissed without explanation or left unresolved, leaving taxpayers uncertain about their status. The CBDT emphasizes that Income-tax Officers should address these petitions promptly and with due diligence, providing clear reasons for any rejections. The instruction mandates that these guidelines be communicated to all relevant officers to ensure compliance.
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