https://www.taxtmi.com/caselaws?id=65294 In stay proceedings, disputed tax recovery may be suspended where the assessee shows a strong prima facie case and the balance of convenience favours protection pending appeal. The Tribunal accepted arguable challenges to business connection in India, income attribution, enhancement of additional income, profit-rate computation, and interest liability, and noted limited precedent on a novel issue. It also considered that partial acceptance of the factual objections could materially reduce the demand and that immediate recovery would cause hardship given the group's losses. Conditional relief was therefore justified, with the outstanding demand kept in abeyance for a limited period subject to deposit and security, and the appeals directed to be heard out of turn. en-us Tue, 29 Apr 2008 00:00:00 +0530 Tue, 07 Aug 2012 14:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65294 In stay proceedings, disputed tax recovery may be suspended where the assessee shows a strong prima facie case and the balance of convenience favours protection pending appeal. The Tribunal accepted arguable challenges to business connection in India, income attribution, enhancement of additional income, profit-rate computation, and interest liability, and noted limited precedent on a novel issue. It also considered that partial acceptance of the factual objections could materially reduce the demand and that immediate recovery would cause hardship given the group's losses. Conditional relief was therefore justified, with the outstanding demand kept in abeyance for a limited period subject to deposit and security, and the appeals directed to be heard out of turn. Case-Laws Income Tax Tue, 29 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65294