https://www.taxtmi.com/caselaws?id=769364 Application sought an unconditional stay on tax recovery where the appellant is a loss-making company; court found no strong prima facie case warranting unconditional relief and declined to interfere. The usual requirement of deposit of the full demand remains the default; a limited departure was permitted because a rectification application could reduce liability to Rs. 68.91 crores, but this did not justify an unconditional stay. Challenges based on alleged distortion of profit and loss treatment, high pitched assessment and administrative circulars were rejected as insufficient to displace the deposit rule. en-us Thu, 17 Apr 2025 00:00:00 +0530 Mon, 09 Feb 2026 16:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769364 Application sought an unconditional stay on tax recovery where the appellant is a loss-making company; court found no strong prima facie case warranting unconditional relief and declined to interfere. The usual requirement of deposit of the full demand remains the default; a limited departure was permitted because a rectification application could reduce liability to Rs. 68.91 crores, but this did not justify an unconditional stay. Challenges based on alleged distortion of profit and loss treatment, high pitched assessment and administrative circulars were rejected as insufficient to displace the deposit rule. Case-Laws Income Tax Thu, 17 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769364