https://www.taxtmi.com/caselaws?id=274922 The Court upheld the petitioner's challenge to the order denying absolute stay of recovery proceedings pending the disposal of an appeal petition before the Commissioner of Income Tax (Appeals). The Court found that the Assessing Officer's imposition of a payment condition was improper, considering the petitioner's entitlement for exemption under Section 10(21) of the Income Tax Act. The Court emphasized the first respondent's discretion in granting stay, noting the relevance of previous Tribunal orders supporting the petitioner's claim for exemption. Recovery proceedings were stayed until the appeals were heard and disposed of by the second respondent, maintaining consistency with previous judgments for the same assessee. en-us Fri, 01 Jul 2016 00:00:00 +0530 Tue, 11 Sep 2018 08:08:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274922 The Court upheld the petitioner's challenge to the order denying absolute stay of recovery proceedings pending the disposal of an appeal petition before the Commissioner of Income Tax (Appeals). The Court found that the Assessing Officer's imposition of a payment condition was improper, considering the petitioner's entitlement for exemption under Section 10(21) of the Income Tax Act. The Court emphasized the first respondent's discretion in granting stay, noting the relevance of previous Tribunal orders supporting the petitioner's claim for exemption. Recovery proceedings were stayed until the appeals were heard and disposed of by the second respondent, maintaining consistency with previous judgments for the same assessee. Case-Laws Income Tax Fri, 01 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274922