https://www.taxtmi.com/caselaws?id=379908 The court quashed the dismissal of the stay application against the assessment order for the Assessment year 2011-12 due to non-compliance with CBDT guidelines. It held that the rejection solely based on non-compliance with the 20% pre-deposit requirement was improper. The court emphasized that the appellate authority has the power to pass conditional orders for a lesser amount and that the 20% deposit is more of a guideline than a mandatory requirement. The impugned order was deemed to lack proper consideration and was declared bad in law, leading to its quashing. The court directed the respondent to dispose of the appeal within four months and granted a stay on recovery until then. en-us Wed, 24 Apr 2019 00:00:00 +0530 Thu, 09 May 2019 06:31:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379908 The court quashed the dismissal of the stay application against the assessment order for the Assessment year 2011-12 due to non-compliance with CBDT guidelines. It held that the rejection solely based on non-compliance with the 20% pre-deposit requirement was improper. The court emphasized that the appellate authority has the power to pass conditional orders for a lesser amount and that the 20% deposit is more of a guideline than a mandatory requirement. The impugned order was deemed to lack proper consideration and was declared bad in law, leading to its quashing. The court directed the respondent to dispose of the appeal within four months and granted a stay on recovery until then. Case-Laws Income Tax Wed, 24 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379908