https://www.taxtmi.com/caselaws?id=418957 The court allowed the writ application, setting aside the impugned orders and directing the respondent to reconsider the application for stay in conformity with the CBDT instructions and the parameters laid down by the court. The court also provided an opportunity for the petitioner to seek relief from the First Appellate Authority, emphasizing that the appellate authority has the inherent power to grant stay against the recovery of disputed demands. The court's decision underscores the importance of a fair and judicious exercise of discretion by tax authorities, particularly in cases involving high-pitched assessments and significant financial implications for the assessee. en-us Tue, 04 Jan 2022 00:00:00 +0530 Fri, 24 Jun 2022 15:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418957 The court allowed the writ application, setting aside the impugned orders and directing the respondent to reconsider the application for stay in conformity with the CBDT instructions and the parameters laid down by the court. The court also provided an opportunity for the petitioner to seek relief from the First Appellate Authority, emphasizing that the appellate authority has the inherent power to grant stay against the recovery of disputed demands. The court's decision underscores the importance of a fair and judicious exercise of discretion by tax authorities, particularly in cases involving high-pitched assessments and significant financial implications for the assessee. Case-Laws Income Tax Tue, 04 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418957