https://www.taxtmi.com/caselaws?id=221922 The Court set aside the first respondent's order directing the petitioner to pay eleven crores in installments due to procedural gaps and lack of proper consideration. The first respondent was instructed to hear the stay petition on the appeals filed by the petitioner for specified assessment years and make a decision based on merits within two weeks. Until then, the respondents were barred from taking any action to recover income tax arrears claimed by the petitioner. The judgment emphasized the importance of providing the petitioner with a fair opportunity to be heard and upheld the need for due process and protection of the petitioner's rights. en-us Wed, 22 Feb 2012 00:00:00 +0530 Fri, 05 Apr 2013 23:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221922 The Court set aside the first respondent's order directing the petitioner to pay eleven crores in installments due to procedural gaps and lack of proper consideration. The first respondent was instructed to hear the stay petition on the appeals filed by the petitioner for specified assessment years and make a decision based on merits within two weeks. Until then, the respondents were barred from taking any action to recover income tax arrears claimed by the petitioner. The judgment emphasized the importance of providing the petitioner with a fair opportunity to be heard and upheld the need for due process and protection of the petitioner's rights. Case-Laws Income Tax Wed, 22 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221922