https://www.taxtmi.com/caselaws?id=377457 The court set aside the order rejecting the petitioner's application for a stay of recovery of tax demand, deeming it lacking proper reasoning and failing to consider relevant parameters. The petitioner was directed to submit a new stay petition addressing key aspects, with the Principal Commissioner instructed to issue a reasoned order within two weeks. The court emphasized compliance with CBDT Circulars and Instructions, maintaining the status quo on recovery until the stay application's disposal. en-us Fri, 01 Mar 2019 00:00:00 +0530 Fri, 29 Mar 2019 11:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377457 The court set aside the order rejecting the petitioner's application for a stay of recovery of tax demand, deeming it lacking proper reasoning and failing to consider relevant parameters. The petitioner was directed to submit a new stay petition addressing key aspects, with the Principal Commissioner instructed to issue a reasoned order within two weeks. The court emphasized compliance with CBDT Circulars and Instructions, maintaining the status quo on recovery until the stay application's disposal. Case-Laws Income Tax Fri, 01 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377457