https://www.taxtmi.com/caselaws?id=421795 The court modified the payment terms for an appellant challenging the rejection of a stay of demand under the Income Tax Act, 1961. The appellant was directed to pay Rs.15,00,000 per month instead of Rs.30,00,000, considering financial strain. The court emphasized balancing payment obligations with financial sustainability and the livelihoods of those dependent on the appellant. It noted that once an assessment order is found illegal, no conditions should be imposed, and tax collection must comply with legal provisions. The decision aimed to alleviate financial burden while ensuring adherence to tax assessment laws. en-us Tue, 08 Feb 2022 00:00:00 +0530 Mon, 02 May 2022 08:43:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421795 The court modified the payment terms for an appellant challenging the rejection of a stay of demand under the Income Tax Act, 1961. The appellant was directed to pay Rs.15,00,000 per month instead of Rs.30,00,000, considering financial strain. The court emphasized balancing payment obligations with financial sustainability and the livelihoods of those dependent on the appellant. It noted that once an assessment order is found illegal, no conditions should be imposed, and tax collection must comply with legal provisions. The decision aimed to alleviate financial burden while ensuring adherence to tax assessment laws. Case-Laws Income Tax Tue, 08 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421795