https://www.taxtmi.com/caselaws?id=373693 The High Court partially allowed the writ petition, setting aside the Income Tax Appellate Tribunal's order on a stay petition. The Court directed the petitioner to deposit 40% of the demand within four weeks for full relief. Emphasizing the importance of judicious discretion by tribunals, the judgment criticized the Tribunal's order as lacking proper reasoning and application of mind. The Court applied the Supreme Court's criteria for granting stays in direct taxation matters, highlighting the need for balance of convenience and public interest considerations. en-us Wed, 12 Dec 2018 00:00:00 +0530 Fri, 28 Jun 2019 10:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373693 The High Court partially allowed the writ petition, setting aside the Income Tax Appellate Tribunal's order on a stay petition. The Court directed the petitioner to deposit 40% of the demand within four weeks for full relief. Emphasizing the importance of judicious discretion by tribunals, the judgment criticized the Tribunal's order as lacking proper reasoning and application of mind. The Court applied the Supreme Court's criteria for granting stays in direct taxation matters, highlighting the need for balance of convenience and public interest considerations. Case-Laws Income Tax Wed, 12 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373693