https://www.taxtmi.com/caselaws?id=329142 The court granted a stay on recovery proceedings pending appeal before the Commissioner of Income Tax (Appeals) based on the petitioner's strong prima facie case supported by previous Tribunal orders. The court emphasized the need for the first respondent's discretion to be exercised properly and with reasons, noting consistency in the core issue of exemption under Section 10(21) with previous assessments. The court highlighted the lack of evidence showing alterations to Tribunal decisions, leading to the decision to stay recovery proceedings until the appeals were resolved by the second respondent. en-us Tue, 14 Jun 2016 00:00:00 +0530 Thu, 23 Jun 2016 13:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329142 The court granted a stay on recovery proceedings pending appeal before the Commissioner of Income Tax (Appeals) based on the petitioner's strong prima facie case supported by previous Tribunal orders. The court emphasized the need for the first respondent's discretion to be exercised properly and with reasons, noting consistency in the core issue of exemption under Section 10(21) with previous assessments. The court highlighted the lack of evidence showing alterations to Tribunal decisions, leading to the decision to stay recovery proceedings until the appeals were resolved by the second respondent. Case-Laws Income Tax Tue, 14 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329142