https://www.taxtmi.com/caselaws?id=423987 The Appellate Tribunal dismissed the stay petition, refusing to grant a blanket stay on tax and interest demands under section 143(3) of the Income Tax Act for the assessment year 2018-19. The Tribunal emphasized the lack of basis in the share premium valuation and questioned the genuineness of investors. The decision was based on preliminary observations and material available at the stay petition stage, with a reminder that these should not influence the final decision on merits. en-us Fri, 11 Feb 2022 00:00:00 +0530 Mon, 20 Jun 2022 08:38:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423987 The Appellate Tribunal dismissed the stay petition, refusing to grant a blanket stay on tax and interest demands under section 143(3) of the Income Tax Act for the assessment year 2018-19. The Tribunal emphasized the lack of basis in the share premium valuation and questioned the genuineness of investors. The decision was based on preliminary observations and material available at the stay petition stage, with a reminder that these should not influence the final decision on merits. Case-Laws Income Tax Fri, 11 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423987