https://www.taxtmi.com/caselaws?id=434802 The Tribunal partially allowed the taxpayer's stay application on the collection/recovery of income tax and interest demands, granting a conditional stay subject to specific requirements. The taxpayer was directed to provide security of Rs. 35 crores within two weeks, cooperate in the appeal process, and adhere to timelines. The stay was limited to 180 days or until the appeal's disposal. The Tribunal emphasized statutory compliance and balanced the taxpayer's rights with the need for orderly proceedings. The case was set for a hearing on 29th September 2022, with further instructions for document submissions. en-us Mon, 26 Sep 2022 00:00:00 +0530 Fri, 03 Mar 2023 11:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434802 The Tribunal partially allowed the taxpayer's stay application on the collection/recovery of income tax and interest demands, granting a conditional stay subject to specific requirements. The taxpayer was directed to provide security of Rs. 35 crores within two weeks, cooperate in the appeal process, and adhere to timelines. The stay was limited to 180 days or until the appeal's disposal. The Tribunal emphasized statutory compliance and balanced the taxpayer's rights with the need for orderly proceedings. The case was set for a hearing on 29th September 2022, with further instructions for document submissions. Case-Laws Income Tax Mon, 26 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434802