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

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....ruction No. 1595 dated 10-1-1985 regarding follow up action on stay orders of High Courts. In the case of CIT Vs. Bansidhar & Sons reported in 157 ITR 665, the Supreme Court has since held that the H....

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.... to be granted merely because a prima facie case has been shown. These judgements of the Supreme Court strengthen our case for seeking vacation of stay orders. The need is to take immediate and effec....