https://www.taxtmi.com/caselaws?id=786625 Tribunal conditional stay limiting adjustment to 20% of an outstanding demand was violated by respondents who adjusted the entire refund during the subsistence of that stay; the High Court found the adjustment contrary to the stay and set aside the impugned portion of the Tribunal order. The Court directed respondents to refund the excess adjustment of Rs. 28,55,26,240 with interest as per law to the petitioner within three weeks and modified the continuing stay for the later assessment year accordingly. en-us Tue, 10 Feb 2026 00:00:00 +0530 Mon, 16 Feb 2026 09:13:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786625 Tribunal conditional stay limiting adjustment to 20% of an outstanding demand was violated by respondents who adjusted the entire refund during the subsistence of that stay; the High Court found the adjustment contrary to the stay and set aside the impugned portion of the Tribunal order. The Court directed respondents to refund the excess adjustment of Rs. 28,55,26,240 with interest as per law to the petitioner within three weeks and modified the continuing stay for the later assessment year accordingly. Case-Laws Income Tax Tue, 10 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786625