https://www.taxtmi.com/caselaws?id=443319 Interim stay of outstanding tax demand was considered on the settled tests of prima facie case and balance of convenience under section 254(2A). Because the rival contentions required detailed verification in the main appeal, an unconditional stay was refused. The Tribunal granted partial protection against recovery, but only on condition that the assessee pay 20% of the outstanding demand in two instalments or furnish equivalent security within the stipulated time. The demand remained in abeyance for the prescribed period, and recovery proceedings were barred until the stipulated date if the conditions were met. en-us Thu, 13 Jul 2023 00:00:00 +0530 Thu, 21 Sep 2023 07:29:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443319 Interim stay of outstanding tax demand was considered on the settled tests of prima facie case and balance of convenience under section 254(2A). Because the rival contentions required detailed verification in the main appeal, an unconditional stay was refused. The Tribunal granted partial protection against recovery, but only on condition that the assessee pay 20% of the outstanding demand in two instalments or furnish equivalent security within the stipulated time. The demand remained in abeyance for the prescribed period, and recovery proceedings were barred until the stipulated date if the conditions were met. Case-Laws Income Tax Thu, 13 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443319