https://www.taxtmi.com/caselaws?id=764182 The HC set aside orders dated 14.06.2024 and 18.10.2024 rejecting stay and review applications under Section 220(6) of the Income Tax Act, 1961. The court held that respondent authorities failed to provide reasoned orders and did not consider essential factors including prima facie case, balance of convenience, irreparable loss, genuine hardship, CBDT instructions, and hi-pitched assessment nature. The authorities violated established procedural guidelines from precedent cases. The matter was remitted to respondent No. 2 for fresh consideration of the stay/review application following proper procedures. en-us Thu, 28 Nov 2024 00:00:00 +0530 Fri, 03 Jan 2025 10:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764182 The HC set aside orders dated 14.06.2024 and 18.10.2024 rejecting stay and review applications under Section 220(6) of the Income Tax Act, 1961. The court held that respondent authorities failed to provide reasoned orders and did not consider essential factors including prima facie case, balance of convenience, irreparable loss, genuine hardship, CBDT instructions, and hi-pitched assessment nature. The authorities violated established procedural guidelines from precedent cases. The matter was remitted to respondent No. 2 for fresh consideration of the stay/review application following proper procedures. Case-Laws Income Tax Thu, 28 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764182