https://www.taxtmi.com/caselaws?id=194854 The High Court quashed the order for stay of demand of Rs. 1517.69 crores for assessment year 2010-2011, directing reconsideration of the petitioner's application for stay. An addition of Rs. 2069.45 crores u/s 28(iv) was contested by the petitioner, citing a Tribunal decision not considered by tax authorities. The disallowance of deduction u/s 80-IA was also challenged based on conflicting judgments. Recovery proceedings were stayed for two weeks, allowing parties to expedite the appeal hearing before CIT (Appeals), with no costs awarded in the Writ Petition. en-us Thu, 12 Sep 2013 00:00:00 +0530 Tue, 03 Oct 2017 11:50:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194854 The High Court quashed the order for stay of demand of Rs. 1517.69 crores for assessment year 2010-2011, directing reconsideration of the petitioner's application for stay. An addition of Rs. 2069.45 crores u/s 28(iv) was contested by the petitioner, citing a Tribunal decision not considered by tax authorities. The disallowance of deduction u/s 80-IA was also challenged based on conflicting judgments. Recovery proceedings were stayed for two weeks, allowing parties to expedite the appeal hearing before CIT (Appeals), with no costs awarded in the Writ Petition. Case-Laws Income Tax Thu, 12 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194854