https://www.taxtmi.com/highlights?id=78680 The High Court addressed the rejection of a blanket unconditional stay on tax and interest demands by the Tribunal. The Tribunal granted a conditional stay, requiring the petitioner to pay Rs. 230 crores, provide a corporate guarantee exceeding Rs. 900 crores, and cooperate in appeal disposal. The Court held that the recovery was not protective and upheld the Tribunal's order, noting prior years' compliance. The Court modified the corporate guarantee condition to the ultimate parent company, Vodafone International Holdings BV. The Court affirmed the Tribunal's order, except for the modified condition. en-us Thu, 20 Jun 2024 15:48:03 +0530 Thu, 20 Jun 2024 15:48:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=78680 The High Court addressed the rejection of a blanket unconditional stay on tax and interest demands by the Tribunal. The Tribunal granted a conditional stay, requiring the petitioner to pay Rs. 230 crores, provide a corporate guarantee exceeding Rs. 900 crores, and cooperate in appeal disposal. The Court held that the recovery was not protective and upheld the Tribunal's order, noting prior years' compliance. The Court modified the corporate guarantee condition to the ultimate parent company, Vodafone International Holdings BV. The Court affirmed the Tribunal's order, except for the modified condition. Highlights Income Tax Thu, 20 Jun 2024 15:48:03 +0530 https://www.taxtmi.com/highlights?id=78680