https://www.taxtmi.com/circulars?id=9003 Instruction No. 977/CBDT limits the earlier assurance permitting stay of tax collection until first appeal where assessed income is substantially higher than returned income to cases meeting the assurance's conditions; in particular stays apply only if there are no lapses by the assessee, and the Board has appealed a High Court decision that treated Board instructions as binding. en-us Tue, 13 Jul 1976 00:00:00 +0530 Wed, 01 Jun 2011 16:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9003 Instruction No. 977/CBDT limits the earlier assurance permitting stay of tax collection until first appeal where assessed income is substantially higher than returned income to cases meeting the assurance's conditions; in particular stays apply only if there are no lapses by the assessee, and the Board has appealed a High Court decision that treated Board instructions as binding. Circulars Income Tax Tue, 13 Jul 1976 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9003