https://www.taxtmi.com/caselaws?id=764902 The Tribunal allowed the assessee's stay petition, directing the Assessing Officer to verify the payment of Rs. 4.4 crores and hold the balance demand in abeyance until the appeal is resolved or 180 days from the order date. The Tribunal found the assessee's claims of computational errors and the time-barred assessment order credible, warranting a reassessment of the demand. The Tribunal emphasized the importance of accurate computation in tax assessments and acknowledged the partial payment made by the assessee as a significant factor in granting the stay. en-us Mon, 06 Jan 2025 00:00:00 +0530 Tue, 21 Jan 2025 09:16:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764902 The Tribunal allowed the assessee's stay petition, directing the Assessing Officer to verify the payment of Rs. 4.4 crores and hold the balance demand in abeyance until the appeal is resolved or 180 days from the order date. The Tribunal found the assessee's claims of computational errors and the time-barred assessment order credible, warranting a reassessment of the demand. The Tribunal emphasized the importance of accurate computation in tax assessments and acknowledged the partial payment made by the assessee as a significant factor in granting the stay. Case-Laws Income Tax Mon, 06 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764902