CBDT Circular Cannot Be Used to Mandate 20% Deposit in Every Stay Application: Delhi HC

Cadence Design Systems India Pvt. Ltd. Vs PCIT (Delhi High Court) Delhi High Court Grants Full Stay on Tax Demand Because Jurisdictional Precedent Favoured Assessee; 20% Tax Deposit Condition Set Aside Due to Binding High Court Ruling on ESOP Issue; Complete Stay of Recovery Allowed Because High Court Judgments Bind Tax Authorities; Delhi High Court Quashes Tax Recovery Condition in ESOP Expenditure Dispute. The Delhi High Court considered two writ petitions filed under Articles 226 and 227 of the Constitution challenging an order dated 15.09.2025 passed by the Principal Commissioner of Income...