https://www.taxtmi.com/caselaws?id=261612 The Court set aside the assessing officer's decision denying absolute stay on recovery proceedings initiated under Section 220(6) of the Income Tax Act. Emphasizing compliance with CBDT guidelines and relevant precedents, the Court directed the assessing officer to follow the jurisdictional High Court's order on the depreciation claim issue. The impugned order was overturned, enabling the appellate authority to proceed with the pending appeal's hearing and disposal without influence from the Court's observations. The writ petition was allowed, and the matter was closed without costs. en-us Fri, 03 Jul 2015 00:00:00 +0530 Thu, 16 Jul 2015 13:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261612 The Court set aside the assessing officer's decision denying absolute stay on recovery proceedings initiated under Section 220(6) of the Income Tax Act. Emphasizing compliance with CBDT guidelines and relevant precedents, the Court directed the assessing officer to follow the jurisdictional High Court's order on the depreciation claim issue. The impugned order was overturned, enabling the appellate authority to proceed with the pending appeal's hearing and disposal without influence from the Court's observations. The writ petition was allowed, and the matter was closed without costs. Case-Laws Income Tax Fri, 03 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261612