Court held that the assessing authority had evidently not considered the aspects of existence of a prima facie case, financial stringency and balance of convenience as had to be done prior to a proper adjudication of a petition for stay. The rejection of the application for stay of demand was not justified. Matter remanded.( AY.2017 -18)
Chetan Kothari v. PCIT (2020) 427 ITR 136 / (2021) 277 Taxman 189(Mad)(HC)
S. 226 : Collection and recovery – Modes of recovery – Stay – Matter remanded.