https://www.taxtmi.com/caselaws?id=168701 A High Court's inherent powers under section 151 CPC and supervisory jurisdiction under article 227 were considered as possible bases to stay collection of income-tax arrears pending a reference under section 66(2), but the statutory requirement to pay tax notwithstanding the reference remained operative. The court held that section 66(7) did not by itself exclude relief in an appropriate case, yet article 227 must be exercised sparingly and within territorial limits. On the facts, the assessee's financial difficulty and offer of security were not exceptional enough to justify interference, and stay of collection was declined. en-us Fri, 02 Sep 1955 00:00:00 +0530 Mon, 23 Mar 2015 16:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168701 A High Court's inherent powers under section 151 CPC and supervisory jurisdiction under article 227 were considered as possible bases to stay collection of income-tax arrears pending a reference under section 66(2), but the statutory requirement to pay tax notwithstanding the reference remained operative. The court held that section 66(7) did not by itself exclude relief in an appropriate case, yet article 227 must be exercised sparingly and within territorial limits. On the facts, the assessee's financial difficulty and offer of security were not exceptional enough to justify interference, and stay of collection was declined. Case-Laws Income Tax Fri, 02 Sep 1955 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168701