https://www.taxtmi.com/caselaws?id=284670 The Tribunal granted a stay on the balance demand of over &8377;350 lacs for the Assessee in a case concerning the taxability of a foreign exchange gain related to a capital asset purchase. The stay was subject to conditions including the Assessee not liquidating investments, making payment for the gain, and attending the appeal hearing. Failure to comply could result in vacation of the stay. The Tribunal found a prima facie case in favor of the Assessee and pronounced the order on March 07, 2014. en-us Fri, 07 Mar 2014 00:00:00 +0530 Fri, 13 Dec 2019 14:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284670 The Tribunal granted a stay on the balance demand of over &8377;350 lacs for the Assessee in a case concerning the taxability of a foreign exchange gain related to a capital asset purchase. The stay was subject to conditions including the Assessee not liquidating investments, making payment for the gain, and attending the appeal hearing. Failure to comply could result in vacation of the stay. The Tribunal found a prima facie case in favor of the Assessee and pronounced the order on March 07, 2014. Case-Laws Income Tax Fri, 07 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284670