https://www.taxtmi.com/caselaws?id=358466 The court granted interim protection to the petitioner, staying the notice issued under section 226(3) of the Income Tax Act, 1961. The petitioner was allowed to file an appeal with the Income Tax Appellate Tribunal (ITAT) regarding the disallowance of additional depreciation on certain assets. The court directed the petitioner to pay 20% of the disputed tax within a week as a condition for the stay. Failure to comply would nullify the benefits of the court order. The ITAT was instructed to consider the payment when deciding on any stay petition from the petitioner. The writ petition was disposed of without costs, and connected miscellaneous petitions were closed. en-us Fri, 06 Apr 2018 00:00:00 +0530 Fri, 22 Jun 2018 16:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358466 The court granted interim protection to the petitioner, staying the notice issued under section 226(3) of the Income Tax Act, 1961. The petitioner was allowed to file an appeal with the Income Tax Appellate Tribunal (ITAT) regarding the disallowance of additional depreciation on certain assets. The court directed the petitioner to pay 20% of the disputed tax within a week as a condition for the stay. Failure to comply would nullify the benefits of the court order. The ITAT was instructed to consider the payment when deciding on any stay petition from the petitioner. The writ petition was disposed of without costs, and connected miscellaneous petitions were closed. Case-Laws Income Tax Fri, 06 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358466