https://www.taxtmi.com/caselaws?id=396097 The Tribunal granted an interim stay on the recovery of tax and interest amounts for the public charitable trust, subject to conditions. The Tribunal emphasized the importance of considering the CBDT approval under Section 11(1)(c) and deliberated on the impact of the amendment to Section 254(2A) by the Finance Act, 2020. The Tribunal highlighted the need for flexibility in determining reasonable security and referred the matter to the Hon'ble President of ITAT for constituting a larger bench to address significant legal questions. The case was tentatively scheduled for a hearing on 6th July 2020, with the interim stay remaining in place until further orders. en-us Wed, 17 Jun 2020 00:00:00 +0530 Sat, 20 Jun 2020 07:33:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396097 The Tribunal granted an interim stay on the recovery of tax and interest amounts for the public charitable trust, subject to conditions. The Tribunal emphasized the importance of considering the CBDT approval under Section 11(1)(c) and deliberated on the impact of the amendment to Section 254(2A) by the Finance Act, 2020. The Tribunal highlighted the need for flexibility in determining reasonable security and referred the matter to the Hon'ble President of ITAT for constituting a larger bench to address significant legal questions. The case was tentatively scheduled for a hearing on 6th July 2020, with the interim stay remaining in place until further orders. Case-Laws Income Tax Wed, 17 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396097