https://www.taxtmi.com/caselaws?id=15745 The case involved an appeal against the Income-tax Appellate Tribunal's stay application order, highlighting a disagreement between members on observations. The judgment emphasized the tentative nature of stay application remarks and the need for majority decision adherence. It outlined the procedure under section 255(4) of the Income-tax Act, emphasizing referral to the President for a Third Member Bench in case of disagreement. The court refrained from intervening, stressing the importance of following proper procedures. Ultimately, the petition was disposed of, awaiting the Third Member's decision on the matter. en-us Wed, 10 Mar 1999 00:00:00 +0530 Thu, 27 Aug 2009 13:57:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15745 The case involved an appeal against the Income-tax Appellate Tribunal's stay application order, highlighting a disagreement between members on observations. The judgment emphasized the tentative nature of stay application remarks and the need for majority decision adherence. It outlined the procedure under section 255(4) of the Income-tax Act, emphasizing referral to the President for a Third Member Bench in case of disagreement. The court refrained from intervening, stressing the importance of following proper procedures. Ultimately, the petition was disposed of, awaiting the Third Member's decision on the matter. Case-Laws Income Tax Wed, 10 Mar 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15745