https://www.taxtmi.com/caselaws?id=293010 The court partially allowed the writ petition, quashing the order rejecting the application for stay without the minimum deposit of 20% of the demand. The court emphasized the need for the Principal Commissioner to consider if the assessment was unreasonably high-pitched and if the petitioner would face genuine hardship. The non-speaking order was deemed invalid, leading to the quashing of the decision and remanding the application for a fresh reconsideration in line with legal principles established in prior judgments. The petitioner was granted relief for a fair reassessment of their stay application. en-us Mon, 16 Mar 2020 00:00:00 +0530 Sat, 30 Jan 2021 12:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293010 The court partially allowed the writ petition, quashing the order rejecting the application for stay without the minimum deposit of 20% of the demand. The court emphasized the need for the Principal Commissioner to consider if the assessment was unreasonably high-pitched and if the petitioner would face genuine hardship. The non-speaking order was deemed invalid, leading to the quashing of the decision and remanding the application for a fresh reconsideration in line with legal principles established in prior judgments. The petitioner was granted relief for a fair reassessment of their stay application. Case-Laws Income Tax Mon, 16 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293010