https://www.taxtmi.com/caselaws?id=373049 The Tribunal granted a stay application against an outstanding demand of Rs. 111,61,79,720/- for A.Y. 2015-2016. The issue centered on the tax treatment of Rs. 246.84 crores received as option money, with the Assessing Officer deeming it taxable business income. The Tribunal found the assessee had a prima facie case due to past acceptance of the explanation in earlier assessments. The stay was allowed to prevent frustration of the appeal process, maintaining the status quo until the appeal's resolution without expressing an opinion on the case's merits. en-us Wed, 02 Jan 2019 00:00:00 +0530 Sat, 05 Jan 2019 08:06:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373049 The Tribunal granted a stay application against an outstanding demand of Rs. 111,61,79,720/- for A.Y. 2015-2016. The issue centered on the tax treatment of Rs. 246.84 crores received as option money, with the Assessing Officer deeming it taxable business income. The Tribunal found the assessee had a prima facie case due to past acceptance of the explanation in earlier assessments. The stay was allowed to prevent frustration of the appeal process, maintaining the status quo until the appeal's resolution without expressing an opinion on the case's merits. Case-Laws Income Tax Wed, 02 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373049