https://www.taxtmi.com/caselaws?id=266433 The Tribunal granted a stay on the outstanding demand for related assessees for specific assessment years under the Income-tax Act. The petitioners had paid a significant portion of the demand. The primary issue was the denial of deduction u/s 10B and imposition of interest u/s 234D, contested by the petitioners. Despite opposition from the Departmental Representative, the Tribunal found merit in the petitioners' case, considering previous deductions allowed and substantial payments made. A stay was granted for 180 days or until appeal disposal, with expedited hearings directed to maintain the granted stay. en-us Tue, 01 Sep 2015 00:00:00 +0530 Tue, 20 Oct 2015 20:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266433 The Tribunal granted a stay on the outstanding demand for related assessees for specific assessment years under the Income-tax Act. The petitioners had paid a significant portion of the demand. The primary issue was the denial of deduction u/s 10B and imposition of interest u/s 234D, contested by the petitioners. Despite opposition from the Departmental Representative, the Tribunal found merit in the petitioners' case, considering previous deductions allowed and substantial payments made. A stay was granted for 180 days or until appeal disposal, with expedited hearings directed to maintain the granted stay. Case-Laws Income Tax Tue, 01 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266433