https://www.taxtmi.com/caselaws?id=17102 The High Court dismissed the writ petition seeking to prevent coercive steps for interest recovery under the Income-tax Act. It was held that the Income-tax Appellate Tribunal has the power to grant a stay of interest recovery linked with tax demands. The Court emphasized that if the tax demand is set aside, the interest levied would be nullified, making the power to stay interest recovery incidental to the appellate jurisdiction. The petitioner was advised to seek relief by filing an application before the Tribunal for the stay of interest recovery, aligning with the Supreme Court's stance on the issue. en-us Tue, 18 Nov 1997 00:00:00 +0530 Tue, 15 Sep 2009 12:24:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17102 The High Court dismissed the writ petition seeking to prevent coercive steps for interest recovery under the Income-tax Act. It was held that the Income-tax Appellate Tribunal has the power to grant a stay of interest recovery linked with tax demands. The Court emphasized that if the tax demand is set aside, the interest levied would be nullified, making the power to stay interest recovery incidental to the appellate jurisdiction. The petitioner was advised to seek relief by filing an application before the Tribunal for the stay of interest recovery, aligning with the Supreme Court's stance on the issue. Case-Laws Income Tax Tue, 18 Nov 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17102