https://www.taxtmi.com/caselaws?id=434068 The court set aside the impugned order rejecting the stay application, directing the petitioner to deposit Rs. 30 lakhs within two weeks and the balance to make up 10% of the demanded amount within an additional two weeks. The Principal Commissioner was ordered to hear the petitioner's appeal on merit, subject to the deposit conditions. The court emphasized the importance of considering financial hardship and providing reasons for rejecting stay applications, highlighting the need for adherence to principles of natural justice. en-us Tue, 14 Feb 2023 00:00:00 +0530 Thu, 16 Feb 2023 08:50:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434068 The court set aside the impugned order rejecting the stay application, directing the petitioner to deposit Rs. 30 lakhs within two weeks and the balance to make up 10% of the demanded amount within an additional two weeks. The Principal Commissioner was ordered to hear the petitioner's appeal on merit, subject to the deposit conditions. The court emphasized the importance of considering financial hardship and providing reasons for rejecting stay applications, highlighting the need for adherence to principles of natural justice. Case-Laws Income Tax Tue, 14 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434068