https://www.taxtmi.com/caselaws?id=302731 The Tribunal allowed the stay application filed by the assessee, directing them to deposit Rs.20 crores in two installments within specified deadlines. The Tribunal found that the employees who received benefits were not managers or trustees, and therefore did not violate section 13(3) of the Income Tax Act. The appeal was adjourned for further hearing. en-us Wed, 19 Feb 2020 00:00:00 +0530 Wed, 15 Jun 2022 09:15:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302731 The Tribunal allowed the stay application filed by the assessee, directing them to deposit Rs.20 crores in two installments within specified deadlines. The Tribunal found that the employees who received benefits were not managers or trustees, and therefore did not violate section 13(3) of the Income Tax Act. The appeal was adjourned for further hearing. Case-Laws Income Tax Wed, 19 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302731