https://www.taxtmi.com/caselaws?id=289793 The tribunal dismissed the appellant's stay petition seeking relief from a demand of disputed tax and interest amounting to Rs. 15,47,06,467 related to unaccounted cash payments in a property sale case. Despite claims of financial difficulties and lack of cross-examination opportunity, the tribunal found no merit in granting the stay, citing the absence of evidence supporting the appellant's assertions. The decision was based on factors such as significant unaccounted cash payments, surrender of additional income, and buyers' willingness to be taxed, ultimately leading to the rejection of the stay request. The tribunal clarified that its ruling solely pertained to the stay petition and not the merits of the appeal. en-us Fri, 22 Nov 2019 00:00:00 +0530 Sat, 22 Aug 2020 09:33:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289793 The tribunal dismissed the appellant's stay petition seeking relief from a demand of disputed tax and interest amounting to Rs. 15,47,06,467 related to unaccounted cash payments in a property sale case. Despite claims of financial difficulties and lack of cross-examination opportunity, the tribunal found no merit in granting the stay, citing the absence of evidence supporting the appellant's assertions. The decision was based on factors such as significant unaccounted cash payments, surrender of additional income, and buyers' willingness to be taxed, ultimately leading to the rejection of the stay request. The tribunal clarified that its ruling solely pertained to the stay petition and not the merits of the appeal. Case-Laws Income Tax Fri, 22 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289793