https://www.taxtmi.com/caselaws?id=389028 The Supreme Court considered the challenge to a High Court decision and the effect of a stay order on the judgment. It was clarified that a stay order by the Supreme Court in a pending appeal does not nullify the binding effect of the High Court judgment as a precedent unless inconsistent legal propositions are laid down. The court recognized the importance of maintaining the status quo during the appeal process and granted interim relief to prevent coercive actions against the petitioner based on the impugned notice. en-us Wed, 20 Nov 2019 00:00:00 +0530 Fri, 29 Nov 2019 10:03:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389028 The Supreme Court considered the challenge to a High Court decision and the effect of a stay order on the judgment. It was clarified that a stay order by the Supreme Court in a pending appeal does not nullify the binding effect of the High Court judgment as a precedent unless inconsistent legal propositions are laid down. The court recognized the importance of maintaining the status quo during the appeal process and granted interim relief to prevent coercive actions against the petitioner based on the impugned notice. Case-Laws Customs Wed, 20 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389028