https://www.taxtmi.com/caselaws?id=419809 The Court set aside the assessment order and directed the Assessing Authority to reconsider the petitioner's stay application under Section 220(6) of the Income Tax Act, emphasizing the Authority's discretion in imposing conditions. The Court found the rejection of the application, redirecting the petitioner to the Appellate Authority, insufficiently reasoned. The petitioner was instructed to pursue the appeal concurrently while the Assessing Authority was directed to exercise discretion in evaluating the stay application. en-us Mon, 28 Feb 2022 00:00:00 +0530 Mon, 21 Mar 2022 08:15:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419809 The Court set aside the assessment order and directed the Assessing Authority to reconsider the petitioner's stay application under Section 220(6) of the Income Tax Act, emphasizing the Authority's discretion in imposing conditions. The Court found the rejection of the application, redirecting the petitioner to the Appellate Authority, insufficiently reasoned. The petitioner was instructed to pursue the appeal concurrently while the Assessing Authority was directed to exercise discretion in evaluating the stay application. Case-Laws Income Tax Mon, 28 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419809