https://www.taxtmi.com/caselaws?id=412704 The court granted a stay on the passing of final assessment orders for Assessment Years 2018-19, 2019-20, and 2020-21 following an AAR Ruling. Despite interim stay orders, the Assessing Officer sought to pass the orders by a specific date. The court emphasized the importance of consistency and noted that passing assessment orders during ongoing proceedings would not be appropriate, especially when the tax amount had been fully deposited. The stay order applied to all assessments related to the AAR Ruling until the writ petition's disposal. Respondents were granted the benefit of Explanation 1(ii) of the Income Tax Act, and the court directed the order's upload on the website and email forwarding to counsel. en-us Tue, 21 Sep 2021 00:00:00 +0530 Fri, 24 Sep 2021 07:20:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412704 The court granted a stay on the passing of final assessment orders for Assessment Years 2018-19, 2019-20, and 2020-21 following an AAR Ruling. Despite interim stay orders, the Assessing Officer sought to pass the orders by a specific date. The court emphasized the importance of consistency and noted that passing assessment orders during ongoing proceedings would not be appropriate, especially when the tax amount had been fully deposited. The stay order applied to all assessments related to the AAR Ruling until the writ petition's disposal. Respondents were granted the benefit of Explanation 1(ii) of the Income Tax Act, and the court directed the order's upload on the website and email forwarding to counsel. Case-Laws Income Tax Tue, 21 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412704