https://www.taxtmi.com/caselaws?id=173644 The Court addressed challenges against notices of demand under Section 156 of the Income Tax Act, focusing on the reduction of the normal 30-day period to 5 days for certain notices. The Division Bench emphasized the need for valid reasons and a direct nexus to revenue detriment when reducing the payment period, cautioning against routine application. The Court granted leave for separate proceedings on the demands' merits, restraining coercive measures for recovery until the next hearing. Both parties were directed to file affidavits and rejoinders, with the petitioner committing not to transfer funds out of India except in the normal course of business. en-us Fri, 22 Mar 2013 00:00:00 +0530 Sat, 19 Sep 2015 11:12:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173644 The Court addressed challenges against notices of demand under Section 156 of the Income Tax Act, focusing on the reduction of the normal 30-day period to 5 days for certain notices. The Division Bench emphasized the need for valid reasons and a direct nexus to revenue detriment when reducing the payment period, cautioning against routine application. The Court granted leave for separate proceedings on the demands' merits, restraining coercive measures for recovery until the next hearing. Both parties were directed to file affidavits and rejoinders, with the petitioner committing not to transfer funds out of India except in the normal course of business. Case-Laws Income Tax Fri, 22 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173644