https://www.taxtmi.com/caselaws?id=373129 The Tribunal granted a stay on the recovery of an outstanding tax demand for Assessment Year 2014-15 to the assessee, subject to payment of 50% of the demand in instalments totaling approximately Rs. 35 crores. Non-compliance would lead to automatic vacation of the stay. Payment deadlines were set, and the stay was valid for 6 months or until appeal disposal. An early hearing was scheduled without a separate notice. The Tribunal emphasized adherence to payment terms to maintain the stay, considering factors such as non-payment, financial hardship, and balance of convenience. en-us Fri, 04 Jan 2019 00:00:00 +0530 Mon, 07 Jan 2019 12:26:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373129 The Tribunal granted a stay on the recovery of an outstanding tax demand for Assessment Year 2014-15 to the assessee, subject to payment of 50% of the demand in instalments totaling approximately Rs. 35 crores. Non-compliance would lead to automatic vacation of the stay. Payment deadlines were set, and the stay was valid for 6 months or until appeal disposal. An early hearing was scheduled without a separate notice. The Tribunal emphasized adherence to payment terms to maintain the stay, considering factors such as non-payment, financial hardship, and balance of convenience. Case-Laws Income Tax Fri, 04 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373129