https://www.taxtmi.com/caselaws?id=251525 The High Court modified the condition imposed by the second respondent for granting stay pending disposal of an appeal regarding a capital gains assessment. The petitioner, facing financial hardship, was directed to deposit 10% of the demand and provide a bank guarantee for the remaining 15%. Compliance with these conditions would lead to an interim stay during the appeal process. The court considered the petitioner's status as a public charitable trust and financial constraints in reaching this decision, ultimately concluding the judgment without imposing any costs. en-us Thu, 11 Sep 2014 00:00:00 +0530 Wed, 17 Sep 2014 15:36:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251525 The High Court modified the condition imposed by the second respondent for granting stay pending disposal of an appeal regarding a capital gains assessment. The petitioner, facing financial hardship, was directed to deposit 10% of the demand and provide a bank guarantee for the remaining 15%. Compliance with these conditions would lead to an interim stay during the appeal process. The court considered the petitioner's status as a public charitable trust and financial constraints in reaching this decision, ultimately concluding the judgment without imposing any costs. Case-Laws Income Tax Thu, 11 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251525