HC declines stay application filed by Toshiba as it not claimed financial hardship

Toshiba Corporation Vs CIT (Delhi High Court) Admittedly, while deciding the stay application, the Assessing Officer and the CIT(A) have to consider three primary issues i.e. prima facie case, balance of convenience and irreparable injury. In the present case, the petitioner has not claimed financial hardship. Accordingly, the third factor i.e. irreparable injury is not satisfied. Consequently, this Court finds no ground to interfere with the impugned order dated 5th May, 2022. FULL TEXT OF THE JUDGMENT/ORDER OF DELHI HIGH COURT 1. Present writ petition has been filed challenging the order dat...