https://www.taxtmi.com/caselaws?id=355863 The High Court upheld the rejection of the stay application by the Income Tax Appellate Tribunal in a case involving a significant tax demand. The Court emphasized the parameters for considering stay applications, including the need for a prima facie case, balance of convenience, and irreparable injury. Despite partial relief granted by the Tribunal, the High Court supported the Tribunal's decision, stressing the importance of allowing the regular appeal process to proceed. Additionally, the Court declined to interfere with interlocutory orders, emphasizing the importance of equal treatment for both the Revenue and the assessee in tax matters. en-us Tue, 09 Jan 2018 00:00:00 +0530 Tue, 20 Feb 2018 06:06:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355863 The High Court upheld the rejection of the stay application by the Income Tax Appellate Tribunal in a case involving a significant tax demand. The Court emphasized the parameters for considering stay applications, including the need for a prima facie case, balance of convenience, and irreparable injury. Despite partial relief granted by the Tribunal, the High Court supported the Tribunal's decision, stressing the importance of allowing the regular appeal process to proceed. Additionally, the Court declined to interfere with interlocutory orders, emphasizing the importance of equal treatment for both the Revenue and the assessee in tax matters. Case-Laws Income Tax Tue, 09 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355863