https://www.taxtmi.com/caselaws?id=23422 The High Court set aside the Income-tax Appellate Tribunal's order and remanded the matter for reconsideration of the application for stay of dues. The Court emphasized that the Tribunal should exercise its discretion judiciously, without solely considering the availability of alternative remedies for the assessee. The Tribunal was directed to decide on the stay application within three months, with a stay on recovery proceedings until a decision is made. The judgment aimed to ensure a fair assessment of the petitioner's request, emphasizing the proper application of legal principles in such cases. en-us Tue, 03 Jul 1990 00:00:00 +0530 Sat, 19 Dec 2009 11:40:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23422 The High Court set aside the Income-tax Appellate Tribunal's order and remanded the matter for reconsideration of the application for stay of dues. The Court emphasized that the Tribunal should exercise its discretion judiciously, without solely considering the availability of alternative remedies for the assessee. The Tribunal was directed to decide on the stay application within three months, with a stay on recovery proceedings until a decision is made. The judgment aimed to ensure a fair assessment of the petitioner's request, emphasizing the proper application of legal principles in such cases. Case-Laws Income Tax Tue, 03 Jul 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23422