https://www.taxtmi.com/caselaws?id=227251 The High Court reviewed the ITAT's decision to grant a stay of recovery proceedings, noting the conditions imposed, including freezing the demand amount and bank accounts, fixing an appeal hearing date, and preventing asset transfers. The Court found the revenue adequately protected based on asset assessments. Emphasizing the urgency of the matter, it stressed adherence to the hearing schedule and set a maximum validity period for the stay order. The Court clarified that the Tribunal's findings were not binding, being tentative at an interim stage, and concluded without cost orders, offering a detailed analysis of the case issues. en-us Wed, 13 Mar 2013 00:00:00 +0530 Tue, 23 Apr 2013 14:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=227251 The High Court reviewed the ITAT's decision to grant a stay of recovery proceedings, noting the conditions imposed, including freezing the demand amount and bank accounts, fixing an appeal hearing date, and preventing asset transfers. The Court found the revenue adequately protected based on asset assessments. Emphasizing the urgency of the matter, it stressed adherence to the hearing schedule and set a maximum validity period for the stay order. The Court clarified that the Tribunal's findings were not binding, being tentative at an interim stage, and concluded without cost orders, offering a detailed analysis of the case issues. Case-Laws Income Tax Wed, 13 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=227251