https://www.taxtmi.com/caselaws?id=206456 Stay of outstanding tax demand pending appeal may be granted where the assessee shows a prima facie arguable case and the balance of convenience favours deferring recovery. Here, the Tribunal found an arguable case on attribution of profits in a transfer pricing-related matter and considered the risk of prejudice if collection proceeded before the appeal was heard. The Revenue's interests were protected by conditions requiring part payment, security for the balance, and an expedited hearing. On that basis, stay of demand was granted subject to the imposed safeguards. en-us Fri, 12 Nov 2010 00:00:00 +0530 Wed, 02 Nov 2011 07:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206456 Stay of outstanding tax demand pending appeal may be granted where the assessee shows a prima facie arguable case and the balance of convenience favours deferring recovery. Here, the Tribunal found an arguable case on attribution of profits in a transfer pricing-related matter and considered the risk of prejudice if collection proceeded before the appeal was heard. The Revenue's interests were protected by conditions requiring part payment, security for the balance, and an expedited hearing. On that basis, stay of demand was granted subject to the imposed safeguards. Case-Laws Income Tax Fri, 12 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206456