https://www.taxtmi.com/caselaws?id=218032 The High Court modified the condition for interim stay during appeal, directing the petitioner to pay 1/3rd of the disputed liability in six monthly installments, with the first installment due by June 10, 2012. The Court found the initial 50% remittance condition excessive, considering the financial stringency claim and disputed liability amount. The judgment emphasized the applicability of Section 2(22)(e) on deemed dividend in the total income and aimed for fairness and proportionality in the modified condition. The Writ Petition was disposed of accordingly. en-us Wed, 23 May 2012 00:00:00 +0530 Fri, 02 Nov 2012 09:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218032 The High Court modified the condition for interim stay during appeal, directing the petitioner to pay 1/3rd of the disputed liability in six monthly installments, with the first installment due by June 10, 2012. The Court found the initial 50% remittance condition excessive, considering the financial stringency claim and disputed liability amount. The judgment emphasized the applicability of Section 2(22)(e) on deemed dividend in the total income and aimed for fairness and proportionality in the modified condition. The Writ Petition was disposed of accordingly. Case-Laws Income Tax Wed, 23 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218032