https://www.taxtmi.com/caselaws?id=252853 The Tribunal granted stay to multiple assessees facing outstanding demands, citing previous orders and High Court decisions supporting similar cases. The assessees argued against erroneous assessments as Association Of Persons (AOPs) due to trust structures for securitization purposes, emphasizing legal interpretations and Finance Act amendments. The Departmental Representative opposed the stay, but the Tribunal found merit in the assessees' contentions, acknowledging prima facie strong cases and directing prompt merit hearings. The decision underscored fairness and justice in granting stays based on consistent legal interpretations and case law applications. en-us Fri, 17 Oct 2014 00:00:00 +0530 Thu, 06 Nov 2014 06:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252853 The Tribunal granted stay to multiple assessees facing outstanding demands, citing previous orders and High Court decisions supporting similar cases. The assessees argued against erroneous assessments as Association Of Persons (AOPs) due to trust structures for securitization purposes, emphasizing legal interpretations and Finance Act amendments. The Departmental Representative opposed the stay, but the Tribunal found merit in the assessees' contentions, acknowledging prima facie strong cases and directing prompt merit hearings. The decision underscored fairness and justice in granting stays based on consistent legal interpretations and case law applications. Case-Laws Income Tax Fri, 17 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252853