Allowing the petition the Court held that the stay application must be considered in a judicious manner. Order was seta side. (AY.2016-17)
ALM Industries Ltd. v. Dy. CIT (2023)455 ITR 319/ 331 CTR 415/ 223 DTR 98 /153 taxmann.com 374 (All)(HC)
S. 220 : Collection and recovery-Assessee deemed in default-Stay-Pendency of appeal-The stay application must be considered in a judicious manner. [S. 220(6), Art. 226]