https://www.taxtmi.com/caselaws?id=387035 The High Court found the challenged order lacking reasoning for demanding 20% payment for stay of the remaining 80% demand under the Income Tax Act. Relying on precedent, the court deemed the order legally unsustainable, quashed it, and directed the respondent to issue a new order after hearing the petitioners. Recovery actions were stayed pending the new order, emphasizing the need for well-founded decisions and providing reasoning in such matters. The petitioners were instructed to provide necessary documents for further proceedings, leading to the disposal of the writ petition as per the court's directions. en-us Thu, 10 Oct 2019 00:00:00 +0530 Tue, 15 Oct 2019 12:48:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387035 The High Court found the challenged order lacking reasoning for demanding 20% payment for stay of the remaining 80% demand under the Income Tax Act. Relying on precedent, the court deemed the order legally unsustainable, quashed it, and directed the respondent to issue a new order after hearing the petitioners. Recovery actions were stayed pending the new order, emphasizing the need for well-founded decisions and providing reasoning in such matters. The petitioners were instructed to provide necessary documents for further proceedings, leading to the disposal of the writ petition as per the court's directions. Case-Laws Income Tax Thu, 10 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387035