Perfochem India Pvt. Ltd. v. Deputy Commissioner of Income TAX-7(1), Mumbai and 4 Ors.
Case brief
What is this about?
The Court permitted a stay on an order directing the petitioner to deposit further tax amounts, citing a prima facie case and potential hardship, and directed the appellate authority to dispose of the appeal within 15 days without adjournment.
What did the court decide?
Impugned stay order stayed; appeal to be disposed of within 15 days; no further recoveries allowed; no adjournments granted.