https://www.taxtmi.com/caselaws?id=450888 In stay proceedings, the Tribunal is required only to form a prima facie view on merits, hardship, and likelihood of success, and the High Court will not interfere absent manifest illegality or perversity. Applying that standard, the Court found no error in the Tribunal's tentative assessment of the exemption claim, delayed return filing, alleged cash donations, and deductibility of expenditure against income from other sources. The CBDT's 20% deposit instruction was treated as a guideline, not an inflexible entitlement. The Court declined interference, while permitting a fresh stay request before the Tribunal in light of subsequent recovery of a substantial part of the demand. en-us Wed, 13 Mar 2024 00:00:00 +0530 Fri, 03 May 2024 11:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450888 In stay proceedings, the Tribunal is required only to form a prima facie view on merits, hardship, and likelihood of success, and the High Court will not interfere absent manifest illegality or perversity. Applying that standard, the Court found no error in the Tribunal's tentative assessment of the exemption claim, delayed return filing, alleged cash donations, and deductibility of expenditure against income from other sources. The CBDT's 20% deposit instruction was treated as a guideline, not an inflexible entitlement. The Court declined interference, while permitting a fresh stay request before the Tribunal in light of subsequent recovery of a substantial part of the demand. Case-Laws Income Tax Wed, 13 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450888