https://www.taxtmi.com/caselaws?id=247434 The court directed the petitioner, a statutory authority facing a substantial tax demand, to deposit Rs.6 crores within two weeks and granted a stay on the recovery of the remaining demand until the Commissioner of Income Tax (Appeals-I) decides on the stay application. The court emphasized the need to balance the interests of both the revenue and the assessee, ensuring fairness during the appeal process. Additionally, the Commissioner was urged to expedite the disposal of the stay application within three months and given discretion to hasten the appeal if possible. The writ petition was disposed of without costs, providing a structured approach to address the pending tax demand effectively. en-us Wed, 30 Apr 2014 00:00:00 +0530 Mon, 12 May 2014 10:05:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247434 The court directed the petitioner, a statutory authority facing a substantial tax demand, to deposit Rs.6 crores within two weeks and granted a stay on the recovery of the remaining demand until the Commissioner of Income Tax (Appeals-I) decides on the stay application. The court emphasized the need to balance the interests of both the revenue and the assessee, ensuring fairness during the appeal process. Additionally, the Commissioner was urged to expedite the disposal of the stay application within three months and given discretion to hasten the appeal if possible. The writ petition was disposed of without costs, providing a structured approach to address the pending tax demand effectively. Case-Laws Income Tax Wed, 30 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247434