https://www.taxtmi.com/caselaws?id=335000 The court allowed the writ petition and directed the revenue to suspend the demand of over &8377;33.65 crores until the ITAT's final decision, considering the disapproval of the Bright Line Test by the High Court. The ITAT was instructed to expedite the pending appeal for the relevant assessment year. This case emphasizes the importance of following judicial decisions and ensuring fairness in tax assessments. en-us Wed, 02 Nov 2016 00:00:00 +0530 Thu, 24 Nov 2016 20:02:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335000 The court allowed the writ petition and directed the revenue to suspend the demand of over &8377;33.65 crores until the ITAT's final decision, considering the disapproval of the Bright Line Test by the High Court. The ITAT was instructed to expedite the pending appeal for the relevant assessment year. This case emphasizes the importance of following judicial decisions and ensuring fairness in tax assessments. Case-Laws Income Tax Wed, 02 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335000