https://www.taxtmi.com/caselaws?id=303866 The Tribunal dismissed the stay petitions filed by the assessee for multiple assessment years regarding the disallowed depreciation claimed on brand value. The Tribunal held that the petitioner failed to establish a strong prima facie case, balance of convenience, or financial hardship necessary for granting a stay of demand. It emphasized that without meeting these criteria, a stay of demand cannot be granted, as per legal principles. The decision was consistent across all assessment years, leading to the dismissal of all stay petitions by the Tribunal. en-us Mon, 30 Sep 2019 00:00:00 +0530 Sun, 21 Aug 2022 19:59:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303866 The Tribunal dismissed the stay petitions filed by the assessee for multiple assessment years regarding the disallowed depreciation claimed on brand value. The Tribunal held that the petitioner failed to establish a strong prima facie case, balance of convenience, or financial hardship necessary for granting a stay of demand. It emphasized that without meeting these criteria, a stay of demand cannot be granted, as per legal principles. The decision was consistent across all assessment years, leading to the dismissal of all stay petitions by the Tribunal. Case-Laws Income Tax Mon, 30 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303866