https://www.taxtmi.com/caselaws?id=403888 The Court quashed the order allowing the stay of the demand application, emphasizing the petitioner's better standing compared to a similar case. It highlighted the importance of considering the prima facie case, balance of convenience, and financial hardship. The Court directed that the demand be kept in abeyance until the appeal's disposal by the Commissioner of Income Tax (Appeals), citing doubts raised by uncorroborated statements and the mechanical approach of the respondents in granting conditional stay. en-us Thu, 04 Feb 2021 00:00:00 +0530 Tue, 14 Jul 2026 15:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403888 The Court quashed the order allowing the stay of the demand application, emphasizing the petitioner's better standing compared to a similar case. It highlighted the importance of considering the prima facie case, balance of convenience, and financial hardship. The Court directed that the demand be kept in abeyance until the appeal's disposal by the Commissioner of Income Tax (Appeals), citing doubts raised by uncorroborated statements and the mechanical approach of the respondents in granting conditional stay. Case-Laws Income Tax Thu, 04 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403888