https://www.taxtmi.com/caselaws?id=268812 The High Court dismissed the petition seeking to quash the order by the Commissioner of Income Tax (Appeals) and recovery proceedings for the assessment year 2008-09. The Court directed the petitioner to pay the outstanding demand partially, following various appeals and applications related to international transactions and Arm's Length price adjustments. Despite the petitioner's stay application being partially granted by the Tribunal, subsequent developments and rectification applications led to revised assessment orders. The Court emphasized the need for a prima facie case for granting stay applications and denied relief due to the absence of errors in the impugned order. en-us Tue, 17 Nov 2015 00:00:00 +0530 Wed, 02 Dec 2015 13:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268812 The High Court dismissed the petition seeking to quash the order by the Commissioner of Income Tax (Appeals) and recovery proceedings for the assessment year 2008-09. The Court directed the petitioner to pay the outstanding demand partially, following various appeals and applications related to international transactions and Arm's Length price adjustments. Despite the petitioner's stay application being partially granted by the Tribunal, subsequent developments and rectification applications led to revised assessment orders. The Court emphasized the need for a prima facie case for granting stay applications and denied relief due to the absence of errors in the impugned order. Case-Laws Income Tax Tue, 17 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268812