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2012 (4) TMI 291 - HC - Income TaxStay petition – Revenue contended that petitioner is liable to pay 50% of the demand, for an order of stay to be granted – Held that:- Court finds it fit to direct the first respondent to hear the appeal filed by the petitioner, and to pass appropriate orders thereon, on merits, on the petitioner depositing a sum of Rs.15 lacs, within a period of four weeks from the date of receipt of a copy of this order.
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