https://www.taxtmi.com/caselaws?id=249766 The Tribunal granted a stay on the recovery of an outstanding demand of Rs. 7,19,43,460 resulting from an assessment made by the Assessing Officer under the Income Tax Act for the assessment year 2009-10. The stay was allowed due to the financial difficulties faced by the assessee, a sick company referred to the BIFR, and the strong prima facie case presented by the counsel challenging the additions made by the AO. The Revenue was directed not to take coercive measures for recovery until the appeal was disposed of or six months from the order date, whichever was earlier. en-us Thu, 10 Jul 2014 00:00:00 +0530 Wed, 23 Jul 2014 08:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249766 The Tribunal granted a stay on the recovery of an outstanding demand of Rs. 7,19,43,460 resulting from an assessment made by the Assessing Officer under the Income Tax Act for the assessment year 2009-10. The stay was allowed due to the financial difficulties faced by the assessee, a sick company referred to the BIFR, and the strong prima facie case presented by the counsel challenging the additions made by the AO. The Revenue was directed not to take coercive measures for recovery until the appeal was disposed of or six months from the order date, whichever was earlier. Case-Laws Income Tax Thu, 10 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249766