https://www.taxtmi.com/caselaws?id=768378 The HC stayed the impugned order passed by the second respondent until disposal of appeals before the third respondent, subject to petitioner depositing Rs. 30 crore within three weeks. The court rejected respondents' demand for 20% of disputed tax (Rs. 126 crore) and accepted petitioner's voluntary offer of Rs. 30 crore, considering petitioner's status as state-owned corporation playing vital role in power sector development and executing government welfare schemes. Petitioner retained liberty to raise all issues before appellate authority. en-us Fri, 21 Mar 2025 00:00:00 +0530 Sat, 05 Apr 2025 08:23:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768378 The HC stayed the impugned order passed by the second respondent until disposal of appeals before the third respondent, subject to petitioner depositing Rs. 30 crore within three weeks. The court rejected respondents' demand for 20% of disputed tax (Rs. 126 crore) and accepted petitioner's voluntary offer of Rs. 30 crore, considering petitioner's status as state-owned corporation playing vital role in power sector development and executing government welfare schemes. Petitioner retained liberty to raise all issues before appellate authority. Case-Laws Income Tax Fri, 21 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768378