https://www.taxtmi.com/caselaws?id=334422 The Appellate Tribunal extended the stay of demand for the assessee, emphasizing principles of natural justice and fair play. The Tribunal considered the disallowance under section 14A, noting that deleting it would result in no payable demand, supporting the stay. It was found that approaching higher authorities before seeking stay from the Tribunal was not mandatory. The Tribunal deemed the Assessing Officer's refusal to extend the stay without reasons as unfair and arbitrary, granting the stay for a specified period without affecting the merits of the additions in the assessment order. en-us Fri, 30 Sep 2016 00:00:00 +0530 Sun, 13 Nov 2016 23:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334422 The Appellate Tribunal extended the stay of demand for the assessee, emphasizing principles of natural justice and fair play. The Tribunal considered the disallowance under section 14A, noting that deleting it would result in no payable demand, supporting the stay. It was found that approaching higher authorities before seeking stay from the Tribunal was not mandatory. The Tribunal deemed the Assessing Officer's refusal to extend the stay without reasons as unfair and arbitrary, granting the stay for a specified period without affecting the merits of the additions in the assessment order. Case-Laws Income Tax Fri, 30 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334422