https://www.taxtmi.com/caselaws?id=377446 The Court granted a stay on tax demand pending appeal before the Commissioner (Appeals) in a case involving a trust seeking to acquire Non-Performing Assets (NPAs) from banks. The Assessing Officer's disallowances and additions were challenged, with the Court noting similarities to cases where such additions were previously deleted by the appellate Commissioner. As there was no material change in facts or law, the Court prohibited recoveries pending appeal, allowing the Revenue to file a reply and adjourning the case. en-us Thu, 14 Mar 2019 00:00:00 +0530 Fri, 29 Mar 2019 09:05:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377446 The Court granted a stay on tax demand pending appeal before the Commissioner (Appeals) in a case involving a trust seeking to acquire Non-Performing Assets (NPAs) from banks. The Assessing Officer's disallowances and additions were challenged, with the Court noting similarities to cases where such additions were previously deleted by the appellate Commissioner. As there was no material change in facts or law, the Court prohibited recoveries pending appeal, allowing the Revenue to file a reply and adjourning the case. Case-Laws Income Tax Thu, 14 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377446