https://www.taxtmi.com/caselaws?id=64312 The Tribunal rejected the stay application, citing the assessee's failure to establish a prima facie case and the lack of balance of convenience in his favor. The Tribunal emphasized the assessee's transfer of properties during recovery proceedings as indicative of lack of good faith. Additionally, the Tribunal highlighted that the Chief CIT lacked jurisdiction in granting the stay. The Tribunal ordered an expedited out-of-turn hearing for the appeal, urging cooperation from both parties for early resolution. en-us Tue, 24 Feb 2004 00:00:00 +0530 Thu, 14 Jun 2012 18:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64312 The Tribunal rejected the stay application, citing the assessee's failure to establish a prima facie case and the lack of balance of convenience in his favor. The Tribunal emphasized the assessee's transfer of properties during recovery proceedings as indicative of lack of good faith. Additionally, the Tribunal highlighted that the Chief CIT lacked jurisdiction in granting the stay. The Tribunal ordered an expedited out-of-turn hearing for the appeal, urging cooperation from both parties for early resolution. Case-Laws Income Tax Tue, 24 Feb 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64312