https://www.taxtmi.com/caselaws?id=759579 CBDT stay guidelines are to be considered as relevant guidance, but they do not displace the ordinary factors governing stay applications, including prima facie case, balance of convenience, and financial stringency. The impugned rejection was held unsustainable because those material considerations were not addressed. As the earlier stay petition did not set out particulars of financial stringency, conditional relief was found appropriate, and the assessee was permitted to file a fresh stay application before the assessing officer within the stipulated time and on payment of costs. en-us Tue, 11 Jun 2024 00:00:00 +0530 Fri, 04 Oct 2024 08:19:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759579 CBDT stay guidelines are to be considered as relevant guidance, but they do not displace the ordinary factors governing stay applications, including prima facie case, balance of convenience, and financial stringency. The impugned rejection was held unsustainable because those material considerations were not addressed. As the earlier stay petition did not set out particulars of financial stringency, conditional relief was found appropriate, and the assessee was permitted to file a fresh stay application before the assessing officer within the stipulated time and on payment of costs. Case-Laws Income Tax Tue, 11 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759579