https://www.taxtmi.com/caselaws?id=400859 The High Court granted a stay on the disputed demand of Rupees twenty-nine crores, ninety-three lakhs, six hundred and three, pending the resolution of the appeal before the CIT (Appeal). The Court emphasized the need for a reasoned decision and acknowledged the petitioner's favorable outcomes in previous court decisions. The petitioner's counsel assured no refund would be sought until the appeal concluded. The Court directed expeditious disposal of the appeal within twelve weeks, ultimately disposing of the writ petition and related applications. en-us Tue, 17 Nov 2020 00:00:00 +0530 Fri, 20 Nov 2020 13:59:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400859 The High Court granted a stay on the disputed demand of Rupees twenty-nine crores, ninety-three lakhs, six hundred and three, pending the resolution of the appeal before the CIT (Appeal). The Court emphasized the need for a reasoned decision and acknowledged the petitioner's favorable outcomes in previous court decisions. The petitioner's counsel assured no refund would be sought until the appeal concluded. The Court directed expeditious disposal of the appeal within twelve weeks, ultimately disposing of the writ petition and related applications. Case-Laws Income Tax Tue, 17 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400859