https://www.taxtmi.com/caselaws?id=366673 The Tribunal dismissed the stay application for a demand of Rs. 125 crores for A.Y. 2010-2011 under section 271(1)(c) of the I.T. Act, 1961. Despite initial interim protection, the assessee's continuous requests for adjournments demonstrated a lack of commitment to advancing the appeals. The Tribunal emphasized the importance of timely resolution of tax disputes and compliance with directives, leading to the decision to vacate the interim order and dismiss the stay application. en-us Tue, 04 Sep 2018 00:00:00 +0530 Sat, 08 Sep 2018 08:09:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366673 The Tribunal dismissed the stay application for a demand of Rs. 125 crores for A.Y. 2010-2011 under section 271(1)(c) of the I.T. Act, 1961. Despite initial interim protection, the assessee's continuous requests for adjournments demonstrated a lack of commitment to advancing the appeals. The Tribunal emphasized the importance of timely resolution of tax disputes and compliance with directives, leading to the decision to vacate the interim order and dismiss the stay application. Case-Laws Income Tax Tue, 04 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366673