https://www.taxtmi.com/caselaws?id=430796 The court directed the Principal Commissioner to reconsider the stay application, specifically addressing the financial stringency plea and providing reasons for the decision. The Principal Commissioner was instructed to complete this exercise within two months. Until a fresh decision is made, the impugned demands shall not be acted upon. The court clarified that it did not consider the merits of the case or the maintainability of the petitions, leaving all contentions of the parties open for the pending proceedings. The petitions were disposed of with no costs awarded. en-us Fri, 30 Sep 2022 00:00:00 +0530 Mon, 14 Aug 2023 14:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430796 The court directed the Principal Commissioner to reconsider the stay application, specifically addressing the financial stringency plea and providing reasons for the decision. The Principal Commissioner was instructed to complete this exercise within two months. Until a fresh decision is made, the impugned demands shall not be acted upon. The court clarified that it did not consider the merits of the case or the maintainability of the petitions, leaving all contentions of the parties open for the pending proceedings. The petitions were disposed of with no costs awarded. Case-Laws Income Tax Fri, 30 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430796