https://www.taxtmi.com/caselaws?id=19424 The High Court addressed the rejection of the stay application by the Income-tax Appellate Tribunal during the pendency of the second appeal. It emphasized that the Tribunal has the implied power to stay recovery proceedings, which should be exercised judiciously. The High Court criticized the Tribunal for not considering the prima facie case and directed it to reconsider the stay application based on judicial principles, abandoning its policy against granting stays. The Court instructed the Tribunal to expedite the appeal hearing and allow the petitioner to submit necessary documents for the paper book preparation. en-us Thu, 05 Jan 1995 00:00:00 +0530 Fri, 06 Nov 2009 11:14:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19424 The High Court addressed the rejection of the stay application by the Income-tax Appellate Tribunal during the pendency of the second appeal. It emphasized that the Tribunal has the implied power to stay recovery proceedings, which should be exercised judiciously. The High Court criticized the Tribunal for not considering the prima facie case and directed it to reconsider the stay application based on judicial principles, abandoning its policy against granting stays. The Court instructed the Tribunal to expedite the appeal hearing and allow the petitioner to submit necessary documents for the paper book preparation. Case-Laws Income Tax Thu, 05 Jan 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19424