https://www.taxtmi.com/caselaws?id=456227 The Tribunal granted the assessee's stay application, halting recovery of the Rs. 7,34,33,297 outstanding demand until the Dispute Resolution Panel adjudicates the rectification application. This stay is effective for 180 days or until the main appeal is resolved, whichever is sooner. The Tribunal scheduled an expedited appeal hearing and emphasized the rectification application's significance in potentially nullifying the demand. This decision temporarily relieves the assessee and underscores procedural fairness, balancing the assessee's concerns with the need for timely resolution. en-us Mon, 11 Jul 2022 00:00:00 +0530 Mon, 08 Jul 2024 20:19:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456227 The Tribunal granted the assessee's stay application, halting recovery of the Rs. 7,34,33,297 outstanding demand until the Dispute Resolution Panel adjudicates the rectification application. This stay is effective for 180 days or until the main appeal is resolved, whichever is sooner. The Tribunal scheduled an expedited appeal hearing and emphasized the rectification application's significance in potentially nullifying the demand. This decision temporarily relieves the assessee and underscores procedural fairness, balancing the assessee's concerns with the need for timely resolution. Case-Laws Income Tax Mon, 11 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456227