https://www.taxtmi.com/caselaws?id=63805 The Tribunal ruled in favor of the assessees in the recovery proceedings initiated by the Department for demands stemming from assessments for the block period 1989 to 2001-02. Despite the Department's reliance on a provision indicating automatic vacation of stay if appeals are not disposed of within 180 days, the Tribunal upheld the validity of the stay granted in 2000, precluding retrospective application of the provision inserted in 2001. Emphasizing a balance of convenience and the favorable decisions in other cases of the group, the Tribunal maintained the stay on recovery pending the hearing of the appeals. en-us Wed, 17 Dec 2003 00:00:00 +0530 Fri, 15 Jun 2012 13:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63805 The Tribunal ruled in favor of the assessees in the recovery proceedings initiated by the Department for demands stemming from assessments for the block period 1989 to 2001-02. Despite the Department's reliance on a provision indicating automatic vacation of stay if appeals are not disposed of within 180 days, the Tribunal upheld the validity of the stay granted in 2000, precluding retrospective application of the provision inserted in 2001. Emphasizing a balance of convenience and the favorable decisions in other cases of the group, the Tribunal maintained the stay on recovery pending the hearing of the appeals. Case-Laws Income Tax Wed, 17 Dec 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63805