https://www.taxtmi.com/caselaws?id=67629 The Tribunal granted the stay of demand for the assessee, a petty agriculturist, as they relied solely on agricultural income, had no other sources of income, and various appeals were pending before the High Court regarding the ownership of confiscated gold. The Tribunal held that the power for the stay of demand rested with them, considering the assessed income significantly exceeded the income earned by the assessee. Recovery of the demand was stayed until the High Court resolved the reference application, with the assessee directed not to dispose of any assets and to provide an undertaking to the Assessing Officer. en-us Tue, 30 Mar 1999 00:00:00 +0530 Sat, 12 Mar 2011 10:39:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67629 The Tribunal granted the stay of demand for the assessee, a petty agriculturist, as they relied solely on agricultural income, had no other sources of income, and various appeals were pending before the High Court regarding the ownership of confiscated gold. The Tribunal held that the power for the stay of demand rested with them, considering the assessed income significantly exceeded the income earned by the assessee. Recovery of the demand was stayed until the High Court resolved the reference application, with the assessee directed not to dispose of any assets and to provide an undertaking to the Assessing Officer. Case-Laws Wealth-tax Tue, 30 Mar 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67629