https://www.taxtmi.com/caselaws?id=403096 The High Court upheld the Income Tax Appellate Tribunal's decision directing the petitioner to deposit Rs. 20 crores for the stay of tax recovery. The Court found the Tribunal's discretion reasonable and declined to interfere under Articles 226 and 227 of the Constitution of India. Additionally, the Court emphasized expeditious disposal of pending appeals, including the challenge against cancellation of registration under Section 12AA, and instructed compliance with the Tribunal's order. en-us Thu, 14 Jan 2021 00:00:00 +0530 Wed, 15 Sep 2021 17:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403096 The High Court upheld the Income Tax Appellate Tribunal's decision directing the petitioner to deposit Rs. 20 crores for the stay of tax recovery. The Court found the Tribunal's discretion reasonable and declined to interfere under Articles 226 and 227 of the Constitution of India. Additionally, the Court emphasized expeditious disposal of pending appeals, including the challenge against cancellation of registration under Section 12AA, and instructed compliance with the Tribunal's order. Case-Laws Income Tax Thu, 14 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403096