https://www.taxtmi.com/caselaws?id=206074 The Appellate Tribunal ITAT Hyderabad granted the Stay Application of the assessee, allowing a halt on the recovery of the outstanding tax amount of Rs.2,64,54,812. The Tribunal acknowledged the validity of the assessee's arguments regarding computation of tax liability under section 92C and deduction u/s. 10A, requiring monthly payments of Rs.20 lakhs to maintain the stay, with failure to make any monthly instalment resulting in automatic vacation of the stay. The Tribunal emphasized specific deadlines for payment of instalments until the appeal's disposal. en-us Fri, 28 Jan 2011 00:00:00 +0530 Sun, 23 Oct 2011 17:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206074 The Appellate Tribunal ITAT Hyderabad granted the Stay Application of the assessee, allowing a halt on the recovery of the outstanding tax amount of Rs.2,64,54,812. The Tribunal acknowledged the validity of the assessee's arguments regarding computation of tax liability under section 92C and deduction u/s. 10A, requiring monthly payments of Rs.20 lakhs to maintain the stay, with failure to make any monthly instalment resulting in automatic vacation of the stay. The Tribunal emphasized specific deadlines for payment of instalments until the appeal's disposal. Case-Laws Income Tax Fri, 28 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206074