https://www.taxtmi.com/caselaws?id=250397 The Court found that the Assessing Officer's rejection of the stay petition pending appeal lacked proper application of mind and interfered with the impugned order. Acknowledging the petitioner's charitable activities and pending appeal, the Court granted a conditional stay order, requiring a deposit of Rs. 75,00,000 within eight weeks. The remaining demand would stay until the appeal's resolution. The Court emphasized the petitioner's right to present arguments before the appellate authority and directed prompt appeal disposal within three months, urging cooperation for a swift resolution. The writ petition was disposed of without costs, and related miscellaneous petitions were closed. en-us Fri, 25 Jul 2014 00:00:00 +0530 Tue, 12 Aug 2014 06:15:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250397 The Court found that the Assessing Officer's rejection of the stay petition pending appeal lacked proper application of mind and interfered with the impugned order. Acknowledging the petitioner's charitable activities and pending appeal, the Court granted a conditional stay order, requiring a deposit of Rs. 75,00,000 within eight weeks. The remaining demand would stay until the appeal's resolution. The Court emphasized the petitioner's right to present arguments before the appellate authority and directed prompt appeal disposal within three months, urging cooperation for a swift resolution. The writ petition was disposed of without costs, and related miscellaneous petitions were closed. Case-Laws Income Tax Fri, 25 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250397