https://www.taxtmi.com/caselaws?id=293794 The Tribunal granted a stay from the recovery of the outstanding disputed demand of Rs. 37,05,16,734 until the final disposal of the appeal for the assessment year 2015-16. The Tribunal directed the Department not to take coercive steps for recovery until the next hearing date due to financial hardship claimed by the assessee amidst the pandemic. The Tribunal emphasized cooperation between the parties for the final hearing and ordered no coercive recovery steps until the next hearing date. The stay petition was disposed of with these directions on 29th October 2020 in Chennai. en-us Thu, 29 Oct 2020 00:00:00 +0530 Wed, 03 Mar 2021 10:38:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293794 The Tribunal granted a stay from the recovery of the outstanding disputed demand of Rs. 37,05,16,734 until the final disposal of the appeal for the assessment year 2015-16. The Tribunal directed the Department not to take coercive steps for recovery until the next hearing date due to financial hardship claimed by the assessee amidst the pandemic. The Tribunal emphasized cooperation between the parties for the final hearing and ordered no coercive recovery steps until the next hearing date. The stay petition was disposed of with these directions on 29th October 2020 in Chennai. Case-Laws Income Tax Thu, 29 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293794