https://www.taxtmi.com/caselaws?id=266344 The Tribunal upheld the CIT(A)'s decision to grant a stay of 40% of the demand under section 201(1)/201(1A), excluding the interest component. It directed the Revenue authorities not to take coercive action until the CIT(A) passes a speaking order considering financial hardship and prima facie case. The appellant was instructed to pay the remaining demand in installments to avoid default. The Tribunal emphasized the importance of the CIT(A) passing a speaking order on merits within three months and allowed the appeals for statistical purposes, providing detailed directions for further proceedings. en-us Fri, 19 Jun 2015 00:00:00 +0530 Mon, 19 Oct 2015 15:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266344 The Tribunal upheld the CIT(A)'s decision to grant a stay of 40% of the demand under section 201(1)/201(1A), excluding the interest component. It directed the Revenue authorities not to take coercive action until the CIT(A) passes a speaking order considering financial hardship and prima facie case. The appellant was instructed to pay the remaining demand in installments to avoid default. The Tribunal emphasized the importance of the CIT(A) passing a speaking order on merits within three months and allowed the appeals for statistical purposes, providing detailed directions for further proceedings. Case-Laws Income Tax Fri, 19 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266344