https://www.taxtmi.com/caselaws?id=399966 The Court upheld the Income Tax Appellate Tribunal's decision to reject the Stay Petition filed by a limited company. Despite the petitioner's arguments regarding ownership of the money and passing on interest to Canara Bank, the Court found no error in the Tribunal's decision. Emphasizing the lack of success in previous appeals and the limited scope of intervention in taxation matters, the Court dismissed the writ petition. The petitioner was permitted to seek an early hearing before the Tribunal, with the final decision left to the Tribunal's discretion. The writ petition was dismissed without costs, and the related miscellaneous petition was closed. en-us Thu, 08 Oct 2020 00:00:00 +0530 Fri, 23 Oct 2020 16:16:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399966 The Court upheld the Income Tax Appellate Tribunal's decision to reject the Stay Petition filed by a limited company. Despite the petitioner's arguments regarding ownership of the money and passing on interest to Canara Bank, the Court found no error in the Tribunal's decision. Emphasizing the lack of success in previous appeals and the limited scope of intervention in taxation matters, the Court dismissed the writ petition. The petitioner was permitted to seek an early hearing before the Tribunal, with the final decision left to the Tribunal's discretion. The writ petition was dismissed without costs, and the related miscellaneous petition was closed. Case-Laws Income Tax Thu, 08 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399966