https://www.taxtmi.com/caselaws?id=175443 A stay of recovery was sought against demand arising from a transfer of land treated as taxable capital gain, with the assessee contending that the land was agricultural land and therefore not a capital asset. The Tribunal found no justification to suspend recovery at that stage and dismissed the stay petition. It nevertheless granted an out-of-turn hearing of the appeal, fixed the matter for 25.04.2013, directed that no notices need be served because the date was announced in open court, and reserved liberty for the assessee to approach the Tribunal again if the Department initiated coercive action. en-us Mon, 01 Apr 2013 00:00:00 +0530 Sat, 21 Nov 2015 12:32:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175443 A stay of recovery was sought against demand arising from a transfer of land treated as taxable capital gain, with the assessee contending that the land was agricultural land and therefore not a capital asset. The Tribunal found no justification to suspend recovery at that stage and dismissed the stay petition. It nevertheless granted an out-of-turn hearing of the appeal, fixed the matter for 25.04.2013, directed that no notices need be served because the date was announced in open court, and reserved liberty for the assessee to approach the Tribunal again if the Department initiated coercive action. Case-Laws Income Tax Mon, 01 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175443