https://www.taxtmi.com/caselaws?id=346430 The Court set aside the order directing payment of 20% of a tax demand for stay, emphasizing the need for reasoned decisions in tax matters. The Principal Commissioner of Income Tax was instructed to reconsider the application without being bound by the revised stay rate, providing a reasoned order within two weeks. The appeal process was expedited, underscoring the importance of authorities addressing key issues and acting within their discretion to ensure compliance with legal requirements. en-us Tue, 08 Aug 2017 00:00:00 +0530 Sat, 12 Aug 2017 08:29:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346430 The Court set aside the order directing payment of 20% of a tax demand for stay, emphasizing the need for reasoned decisions in tax matters. The Principal Commissioner of Income Tax was instructed to reconsider the application without being bound by the revised stay rate, providing a reasoned order within two weeks. The appeal process was expedited, underscoring the importance of authorities addressing key issues and acting within their discretion to ensure compliance with legal requirements. Case-Laws Income Tax Tue, 08 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346430