https://www.taxtmi.com/caselaws?id=750981 Delhi HC disposed of writ petition challenging stay of demand orders. The court found petitioner failed to raise proper contentions regarding fair market value computation before Principal Commissioner, depriving that authority of opportunity to examine prima facie case and undue hardship issues. HC granted liberty to petitioner to move Principal Commissioner afresh with appropriate contentions. Principal Commissioner directed to decide any fresh application without being influenced by previous orders dated 26 May 2022 and 12 February 2024. Impugned orders to abide by fresh decision. en-us Wed, 21 Feb 2024 00:00:00 +0530 Fri, 03 May 2024 10:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=750981 Delhi HC disposed of writ petition challenging stay of demand orders. The court found petitioner failed to raise proper contentions regarding fair market value computation before Principal Commissioner, depriving that authority of opportunity to examine prima facie case and undue hardship issues. HC granted liberty to petitioner to move Principal Commissioner afresh with appropriate contentions. Principal Commissioner directed to decide any fresh application without being influenced by previous orders dated 26 May 2022 and 12 February 2024. Impugned orders to abide by fresh decision. Case-Laws Income Tax Wed, 21 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=750981