https://www.taxtmi.com/caselaws?id=247735 The Tribunal allowed the stay application filed by the assessee-firm, directing the matter to be restored to the file of CIT-16 for a speaking and reasoned order within one month, affording a reasonable opportunity of hearing to the assessee. The demand arising from the penalty order of the FAA was stayed for a month or until CIT-16's decision, whichever is earlier, emphasizing the importance of well-reasoned orders in such matters and compliance with legal guidelines. en-us Fri, 09 May 2014 00:00:00 +0530 Tue, 20 May 2014 17:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247735 The Tribunal allowed the stay application filed by the assessee-firm, directing the matter to be restored to the file of CIT-16 for a speaking and reasoned order within one month, affording a reasonable opportunity of hearing to the assessee. The demand arising from the penalty order of the FAA was stayed for a month or until CIT-16's decision, whichever is earlier, emphasizing the importance of well-reasoned orders in such matters and compliance with legal guidelines. Case-Laws Income Tax Fri, 09 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247735