https://www.taxtmi.com/caselaws?id=12311 The High Court set aside the Tribunal's order directing the petitioner to pay Rs. 1.15 crores in instalments for stay of demand. The Court found the Tribunal failed to properly consider the petitioner's financial condition and the merits of the case. The High Court instructed the Tribunal to hear the appeal promptly without requiring further deposit. The petitioner's already deposited Rs. 40 lakhs were to be remitted to the respondent, with a refund provision if the petitioner succeeded in the appeal. The respondents were barred from taking coercive measures until the Tribunal's decision. en-us Thu, 10 Oct 2002 00:00:00 +0530 Sun, 21 Feb 2010 16:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12311 The High Court set aside the Tribunal's order directing the petitioner to pay Rs. 1.15 crores in instalments for stay of demand. The Court found the Tribunal failed to properly consider the petitioner's financial condition and the merits of the case. The High Court instructed the Tribunal to hear the appeal promptly without requiring further deposit. The petitioner's already deposited Rs. 40 lakhs were to be remitted to the respondent, with a refund provision if the petitioner succeeded in the appeal. The respondents were barred from taking coercive measures until the Tribunal's decision. Case-Laws Income Tax Thu, 10 Oct 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12311