https://www.taxtmi.com/caselaws?id=5422 The Supreme Court granted an interim stay of the impugned High Court judgments pending disposal of the matters and allowed the Department to complete the pending assessments under section 44AC without being bound by the High Court's observations. The operative effect was to preserve the existing position until final disposal while preventing the High Court rulings from controlling the assessment process in the meantime. en-us Tue, 31 Mar 1992 00:00:00 +0530 Mon, 24 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5422 The Supreme Court granted an interim stay of the impugned High Court judgments pending disposal of the matters and allowed the Department to complete the pending assessments under section 44AC without being bound by the High Court's observations. The operative effect was to preserve the existing position until final disposal while preventing the High Court rulings from controlling the assessment process in the meantime. Case-Laws Income Tax Tue, 31 Mar 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5422