https://www.taxtmi.com/caselaws?id=68149 The Tribunal rejected the assessee's application for a stay of set-aside assessment proceedings for the assessment year 1993-94 and early hearing of the appeal. Despite acknowledging its inherent power to stay assessment proceedings in suitable cases, the Tribunal found the absence of pending demands and the inconvenience of facing fresh assessment proceedings not warranting a stay. The Tribunal considered arguments from both parties, with the assessee's counsel emphasizing the audited nature of the company's accounts and minimal previous additions, while the Departmental Representative asserted the Tribunal lacked the authority to stay proceedings. en-us Thu, 17 Nov 1994 00:00:00 +0530 Thu, 17 Mar 2011 12:57:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68149 The Tribunal rejected the assessee's application for a stay of set-aside assessment proceedings for the assessment year 1993-94 and early hearing of the appeal. Despite acknowledging its inherent power to stay assessment proceedings in suitable cases, the Tribunal found the absence of pending demands and the inconvenience of facing fresh assessment proceedings not warranting a stay. The Tribunal considered arguments from both parties, with the assessee's counsel emphasizing the audited nature of the company's accounts and minimal previous additions, while the Departmental Representative asserted the Tribunal lacked the authority to stay proceedings. Case-Laws Income Tax Thu, 17 Nov 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68149