https://www.taxtmi.com/caselaws?id=260059 The court directed the petitioner to pursue their grievance before the appellate authority regarding the quashing of assessment orders and interest levied under the Income Tax Act. The court emphasized the inherent power of CIT (Appeals) to grant stay and protect the revenue's interest. The order passed by CIT (Appeals) was set aside, restoring the appeal and application for fresh adjudication with specified conditions for the petitioner. If the petitioner succeeds in the appeal, the revenue is directed to refund the amount with applicable interest, leaving all contentions on merits open for further proceedings. en-us Thu, 26 Mar 2015 00:00:00 +0530 Sat, 30 May 2015 11:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260059 The court directed the petitioner to pursue their grievance before the appellate authority regarding the quashing of assessment orders and interest levied under the Income Tax Act. The court emphasized the inherent power of CIT (Appeals) to grant stay and protect the revenue's interest. The order passed by CIT (Appeals) was set aside, restoring the appeal and application for fresh adjudication with specified conditions for the petitioner. If the petitioner succeeds in the appeal, the revenue is directed to refund the amount with applicable interest, leaving all contentions on merits open for further proceedings. Case-Laws Income Tax Thu, 26 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260059