Assurance by the then Deputy Prime Minister.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ment was substantially higher than the returned income, say, twice the latter amount or more, the collection of tax in dispute should be held in abeyance till the decision on the appeal provided there were no lapses on the part of the assessees". 2. In the above referred instruction the Board desired that the powers of staying recovery upto the decision of first appeal in cases of the type mentio....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... the High Court that instructions issued u/s 119(1) by the Board have a binding force is well settled, the Board have, on the facts and circumstances of the case, not accepted the decision justifying stay. An appeal to the Supreme Court has been filed. 6. It will be seen that the assurance of the then Deputy prime Minister provides for a stay only if there were no lapses on the part of the assess....