https://www.taxtmi.com/caselaws?id=379707 The Court set aside the Assessing Officer's order rejecting the petitioner's application for stay of recovery of disputed demands for Assessment Years 2016-17 and 2017-18. The Court emphasized the need for the Assessing Officer to consider factors such as the existence of a prima facie case, financial stringency, and balance of convenience before deciding on stay applications. The Court directed the Assessing Officer to reconsider the stay application, maintaining status quo on further recovery until the application is disposed of. The writ petitions were disposed of with no costs. en-us Thu, 28 Mar 2019 00:00:00 +0530 Tue, 07 May 2019 06:12:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379707 The Court set aside the Assessing Officer's order rejecting the petitioner's application for stay of recovery of disputed demands for Assessment Years 2016-17 and 2017-18. The Court emphasized the need for the Assessing Officer to consider factors such as the existence of a prima facie case, financial stringency, and balance of convenience before deciding on stay applications. The Court directed the Assessing Officer to reconsider the stay application, maintaining status quo on further recovery until the application is disposed of. The writ petitions were disposed of with no costs. Case-Laws Income Tax Thu, 28 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379707