https://www.taxtmi.com/caselaws?id=752681 In stay of demand matters, the authority must exercise discretion on the facts of each case, weighing prima facie merits, balance of convenience, undue hardship, and protection of the Revenue's interests. The Delhi High Court held that the impugned refusal to grant interim protection and insistence on pre-deposit disclosed no legal infirmity warranting writ interference, as the appellate forum had considered the relevant stay factors and prior findings on the genuineness of the transaction. The Court also reiterated that the 20% deposit norm is only a reference point and not a rigid pre-condition, though that principle did not assist the petitioner on the facts. en-us Fri, 10 May 2024 00:00:00 +0530 Wed, 15 May 2024 15:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752681 In stay of demand matters, the authority must exercise discretion on the facts of each case, weighing prima facie merits, balance of convenience, undue hardship, and protection of the Revenue's interests. The Delhi High Court held that the impugned refusal to grant interim protection and insistence on pre-deposit disclosed no legal infirmity warranting writ interference, as the appellate forum had considered the relevant stay factors and prior findings on the genuineness of the transaction. The Court also reiterated that the 20% deposit norm is only a reference point and not a rigid pre-condition, though that principle did not assist the petitioner on the facts. Case-Laws Income Tax Fri, 10 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752681