https://www.taxtmi.com/caselaws?id=264681 The Tribunal granted a conditional stay on the outstanding tax demand for assessment years 2009-10 and 2010-11. The conditions included an initial payment of Rs. 10 crores, weekly payments of 10% of collections, and detailed financial reporting. The stay was granted for 180 days or until appeal disposal, subject to compliance. Failure to meet the conditions would automatically vacate the stay. The decision aimed to balance the assessee's financial challenges with the department's interest in tax recovery, ensuring procedural compliance and accountability. en-us Mon, 31 Aug 2015 00:00:00 +0530 Wed, 30 Sep 2015 08:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264681 The Tribunal granted a conditional stay on the outstanding tax demand for assessment years 2009-10 and 2010-11. The conditions included an initial payment of Rs. 10 crores, weekly payments of 10% of collections, and detailed financial reporting. The stay was granted for 180 days or until appeal disposal, subject to compliance. Failure to meet the conditions would automatically vacate the stay. The decision aimed to balance the assessee's financial challenges with the department's interest in tax recovery, ensuring procedural compliance and accountability. Case-Laws Income Tax Mon, 31 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264681