https://www.taxtmi.com/caselaws?id=281634 A stay of demand arising from a prima facie adjustment under section 143(1)(a) was granted where the assessee showed a strong prima facie case, including a revised return under section 139(5) and a similar issue decided in its favour in the preceding year. The Tribunal also relied on CBDT instructions governing recovery of disputed demand, noting that the assessee should not be treated as a defaulter when the addition is under challenge. The stay was made subject to an undertaking not to alienate assets, and the appeal was listed out of turn. en-us Wed, 24 Mar 1999 00:00:00 +0530 Fri, 28 Jun 2019 13:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281634 A stay of demand arising from a prima facie adjustment under section 143(1)(a) was granted where the assessee showed a strong prima facie case, including a revised return under section 139(5) and a similar issue decided in its favour in the preceding year. The Tribunal also relied on CBDT instructions governing recovery of disputed demand, noting that the assessee should not be treated as a defaulter when the addition is under challenge. The stay was made subject to an undertaking not to alienate assets, and the appeal was listed out of turn. Case-Laws Income Tax Wed, 24 Mar 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281634