https://www.taxtmi.com/caselaws?id=376629 The Bombay High Court directed the petitioners, a Private Limited Company and its directors, to deposit an additional Rs. 2 crores with the tax department by a specified date for the stay of further tax recoveries pending appeals under the Income Tax Act, 1961. Once this condition was met, the remaining recoveries would be stayed until the appeals were resolved. Failure to comply would allow the department to proceed with recoveries. The Court aimed to balance the interests of both parties, ensuring compliance with tax demands while facilitating a fair appellate process. en-us Fri, 08 Mar 2019 00:00:00 +0530 Wed, 13 Mar 2019 09:17:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376629 The Bombay High Court directed the petitioners, a Private Limited Company and its directors, to deposit an additional Rs. 2 crores with the tax department by a specified date for the stay of further tax recoveries pending appeals under the Income Tax Act, 1961. Once this condition was met, the remaining recoveries would be stayed until the appeals were resolved. Failure to comply would allow the department to proceed with recoveries. The Court aimed to balance the interests of both parties, ensuring compliance with tax demands while facilitating a fair appellate process. Case-Laws Income Tax Fri, 08 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376629