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Vacation of stay orders in light of S.C. judgement.

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....d in 157 ITR 665, the Supreme Court has since held that the High Court and the Supreme Court do not have power to grant stay of recovery in income-tax cases as their jurisdiction in those cases is only advisory. In the case of Asst. Collector of Central Excise Vs. Dunlop (India) Ltd, reported in 154 ITR 172 the Supreme Court has observed that the balance of conscience in fiscal matters is in favou....

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