https://www.taxtmi.com/caselaws?id=235041 The court upheld the Assessing Officer's decision to grant a stay of demand to the petitioner for the assessment year 2010-2011 under Section 220(6) of the Income Tax Act. The Assessing Officer directed the petitioner to pay 50% of the demand in installments and stayed the balance demand pending appeal, considering the financial health of the company and potential hardship. The judgment emphasized the Assessing Officer's discretion guided by relevant instructions and previous court decisions, highlighting the need for a balanced approach in assessing genuine hardship and unreasonable assessments when granting relief in income tax cases. en-us Fri, 24 May 2013 00:00:00 +0530 Tue, 09 Jul 2013 09:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235041 The court upheld the Assessing Officer's decision to grant a stay of demand to the petitioner for the assessment year 2010-2011 under Section 220(6) of the Income Tax Act. The Assessing Officer directed the petitioner to pay 50% of the demand in installments and stayed the balance demand pending appeal, considering the financial health of the company and potential hardship. The judgment emphasized the Assessing Officer's discretion guided by relevant instructions and previous court decisions, highlighting the need for a balanced approach in assessing genuine hardship and unreasonable assessments when granting relief in income tax cases. Case-Laws Income Tax Fri, 24 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235041