https://www.taxtmi.com/caselaws?id=400509 The Tribunal granted a stay against coercive recovery actions for the balance outstanding demand for assessment years 2005-06, 2006-07, and 2009-10 under section 153A of the Income Tax Act. The stay was provided for three months or until the disposal of the appeals. The decision considered the arguments of both parties, emphasizing the need for a detailed examination of the facts and material relied upon by the Assessing Officer. The payment made by the assessee, exceeding 20% of the disputed demand, was a significant factor in granting the stay. en-us Fri, 06 Nov 2020 00:00:00 +0530 Mon, 09 Nov 2020 13:45:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400509 The Tribunal granted a stay against coercive recovery actions for the balance outstanding demand for assessment years 2005-06, 2006-07, and 2009-10 under section 153A of the Income Tax Act. The stay was provided for three months or until the disposal of the appeals. The decision considered the arguments of both parties, emphasizing the need for a detailed examination of the facts and material relied upon by the Assessing Officer. The payment made by the assessee, exceeding 20% of the disputed demand, was a significant factor in granting the stay. Case-Laws Income Tax Fri, 06 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400509