https://www.taxtmi.com/caselaws?id=768136 The HC partially granted relief to taxpayers challenging demand notices, ordering a conditional stay. The court held that mere admission of appeals or withdrawal of earlier notices doesn't justify unconditional relief without proof of financial hardship or illegal demands. Rejecting the applicants' claims as unsubstantiated, the court balanced interests by requiring payment of 50% of the demanded amount plus a bank guarantee for the remainder within four weeks. The court emphasized that tax administration cannot run on bank guarantees alone, referencing precedent from Assistant Collector of Central Excise vs. Dunlop India Ltd. en-us Thu, 27 Mar 2025 00:00:00 +0530 Tue, 01 Apr 2025 08:31:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768136 The HC partially granted relief to taxpayers challenging demand notices, ordering a conditional stay. The court held that mere admission of appeals or withdrawal of earlier notices doesn't justify unconditional relief without proof of financial hardship or illegal demands. Rejecting the applicants' claims as unsubstantiated, the court balanced interests by requiring payment of 50% of the demanded amount plus a bank guarantee for the remainder within four weeks. The court emphasized that tax administration cannot run on bank guarantees alone, referencing precedent from Assistant Collector of Central Excise vs. Dunlop India Ltd. Case-Laws Income Tax Thu, 27 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768136