https://www.taxtmi.com/caselaws?id=376056 The court set aside the assessing officer's mechanical rejection of the petitioner's stay petition, directing a detailed petition to be submitted to the Principal Commissioner of Income Tax. The Principal Commissioner was instructed to consider the prima facie case, financial stringency, and balance of convenience, and make a decision within two weeks. The court ordered maintenance of the status quo on recovery pending the decision on the stay petitions, ultimately disposing of the writ petitions without costs. en-us Thu, 21 Feb 2019 00:00:00 +0530 Thu, 27 Feb 2020 17:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376056 The court set aside the assessing officer's mechanical rejection of the petitioner's stay petition, directing a detailed petition to be submitted to the Principal Commissioner of Income Tax. The Principal Commissioner was instructed to consider the prima facie case, financial stringency, and balance of convenience, and make a decision within two weeks. The court ordered maintenance of the status quo on recovery pending the decision on the stay petitions, ultimately disposing of the writ petitions without costs. Case-Laws Income Tax Thu, 21 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376056