https://www.taxtmi.com/caselaws?id=66235 The Tribunal granted a stay of recovery of outstanding amounts against the assessees until 30-11-2003, due to the assessees' compliance with earlier stay conditions and the pending appeals. The Tribunal emphasized its power to grant fresh stays if circumstances warranted, despite the automatic vacation of stay after six months as per the Income-tax Act. An ad interim stay was granted, prohibiting the assessees from alienating immovable properties until the appeal's disposal. The Stay Petitions were allowed, showcasing the Tribunal's discretion to grant stays based on merit and individual case circumstances. en-us Mon, 15 Dec 2003 00:00:00 +0530 Tue, 22 Feb 2011 17:40:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66235 The Tribunal granted a stay of recovery of outstanding amounts against the assessees until 30-11-2003, due to the assessees' compliance with earlier stay conditions and the pending appeals. The Tribunal emphasized its power to grant fresh stays if circumstances warranted, despite the automatic vacation of stay after six months as per the Income-tax Act. An ad interim stay was granted, prohibiting the assessees from alienating immovable properties until the appeal's disposal. The Stay Petitions were allowed, showcasing the Tribunal's discretion to grant stays based on merit and individual case circumstances. Case-Laws Income Tax Mon, 15 Dec 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66235