https://www.taxtmi.com/caselaws?id=439760 The High Court set aside the impugned letter directing payment without proper consideration of the stay application under section 68 of the Income Tax Act, 1961. The Court directed the Assessing Officer to adjudicate on the stay application filed by the petitioner and pass an order under section 220(6), emphasizing the need for a reasoned decision rather than a mechanical direction for payment. The Court's decision aligned with judicial precedents emphasizing the importance of exercising discretion in such matters, ultimately quashing the actions taken based on the impugned letter. en-us Tue, 27 Jun 2023 00:00:00 +0530 Sat, 01 Jul 2023 08:58:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439760 The High Court set aside the impugned letter directing payment without proper consideration of the stay application under section 68 of the Income Tax Act, 1961. The Court directed the Assessing Officer to adjudicate on the stay application filed by the petitioner and pass an order under section 220(6), emphasizing the need for a reasoned decision rather than a mechanical direction for payment. The Court's decision aligned with judicial precedents emphasizing the importance of exercising discretion in such matters, ultimately quashing the actions taken based on the impugned letter. Case-Laws Income Tax Tue, 27 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439760