Karnataka HC Quashes Cryptic Stay Rejection – Protects Assessee from Coercive Tax Recovery

N.T. Rahamathulla Khan Associates Vs PCIT (Karnataka High Court) Stay to operate pending CIT(A) appeal – HC sets aside cryptic stay rejection by PCIT- Karnataka HC follows earlier precedent to protect assessee from coercive recovery The petitioner-firm challenged the stay order dated 15.03.2019 issued by the PCIT, seeking protection against recovery of ₹15.67 crores pending appeal before CIT(A). It was urged that the stay order was mechanical & without reasons, ignoring the prima-facie merits under Ss 11 & 12 and the financial hardship demonstrated. The Court noted that an ide...