https://www.taxtmi.com/caselaws?id=406379 The Tribunal granted a conditional stay on the collection/recovery of disputed demands, requiring the assessee to provide security worth Rs. 760 crores. The stay would be in effect for 180 days or until the appeal's disposal. Legal issues like the demand's validity without an assessment order, compliance with Section 2(19AA), and the impact of recent amendments to Section 254(2A) were highlighted. Garnishee proceedings were suspended pending the appeal's outcome. en-us Mon, 12 Apr 2021 00:00:00 +0530 Tue, 13 Apr 2021 08:59:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406379 The Tribunal granted a conditional stay on the collection/recovery of disputed demands, requiring the assessee to provide security worth Rs. 760 crores. The stay would be in effect for 180 days or until the appeal's disposal. Legal issues like the demand's validity without an assessment order, compliance with Section 2(19AA), and the impact of recent amendments to Section 254(2A) were highlighted. Garnishee proceedings were suspended pending the appeal's outcome. Case-Laws Income Tax Mon, 12 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406379