https://www.taxtmi.com/caselaws?id=754207 ITAT Bangalore granted conditional stay of demand in a transfer pricing case involving Rs. 19.95 crores (AY 2020-21) and Rs. 17.36 crores (AY 2021-22). The Tribunal held that existing attachments by Income Tax authorities and Enforcement Directorate totaling Rs. 5,551 crores adequately secured revenue interests. Stay was granted without requiring 20% deposit as mandated under Section 254(2A), provided attachments remain intact. If attachments are vacated, assessee must deposit 20% of disputed demand within two weeks. Stay operates for 180 days or until appeal disposal, whichever is earlier. en-us Thu, 06 Jun 2024 00:00:00 +0530 Tue, 18 Jun 2024 18:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754207 ITAT Bangalore granted conditional stay of demand in a transfer pricing case involving Rs. 19.95 crores (AY 2020-21) and Rs. 17.36 crores (AY 2021-22). The Tribunal held that existing attachments by Income Tax authorities and Enforcement Directorate totaling Rs. 5,551 crores adequately secured revenue interests. Stay was granted without requiring 20% deposit as mandated under Section 254(2A), provided attachments remain intact. If attachments are vacated, assessee must deposit 20% of disputed demand within two weeks. Stay operates for 180 days or until appeal disposal, whichever is earlier. Case-Laws Income Tax Thu, 06 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754207