https://www.taxtmi.com/caselaws?id=464224 ITAT (Agra) granted a stay of the outstanding addition under section 41(1) versus section 68 for 180 days or until appeal disposal, whichever is earlier. The tribunal found a prima facie case for the taxpayer since creditor identities, addresses and confirmations were furnished and subsequent-period payments were shown. It also accepted that the assessee's continuing industrial operations and PAN-India business would suffer irreparable hardship if immediate recovery proceeded. Balance of convenience favored granting the stay. en-us Thu, 24 Jul 2025 00:00:00 +0530 Sun, 12 Oct 2025 16:25:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464224 ITAT (Agra) granted a stay of the outstanding addition under section 41(1) versus section 68 for 180 days or until appeal disposal, whichever is earlier. The tribunal found a prima facie case for the taxpayer since creditor identities, addresses and confirmations were furnished and subsequent-period payments were shown. It also accepted that the assessee's continuing industrial operations and PAN-India business would suffer irreparable hardship if immediate recovery proceeded. Balance of convenience favored granting the stay. Case-Laws Income Tax Thu, 24 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464224