https://www.taxtmi.com/caselaws?id=214579 The court upheld the assessing authority's revised annual income assessment, leading to a higher tax burden for the petitioner. The court acknowledged the discrepancy in income determination and granted interim stay based on the petitioner's financial position. The court modified the conditions for tax liability satisfaction, allowing the petitioner to make further installment payments. The petitioner was directed to pay a second installment within two weeks to maintain the interim stay during the appeal process. The judgment emphasizes adherence to legal principles in tax disputes and compliance with appellate authority orders for interim relief. en-us Mon, 18 Jun 2012 00:00:00 +0530 Fri, 06 Jul 2012 14:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214579 The court upheld the assessing authority's revised annual income assessment, leading to a higher tax burden for the petitioner. The court acknowledged the discrepancy in income determination and granted interim stay based on the petitioner's financial position. The court modified the conditions for tax liability satisfaction, allowing the petitioner to make further installment payments. The petitioner was directed to pay a second installment within two weeks to maintain the interim stay during the appeal process. The judgment emphasizes adherence to legal principles in tax disputes and compliance with appellate authority orders for interim relief. Case-Laws Income Tax Mon, 18 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214579