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2014 (4) TMI 674 - HC - Income TaxWaiver of Pre-deposits - Liability to deduct surcharge and turnover tax from the income u/s 37 of the Act - Computation of income tax – Held that:- The matter is required to be considered and decided by the competent authority, before whom the statutory appeals are pending - This being the position, the Court finds it not fit and proper to express anything on merits – 40% of the outstanding liability is required to be submitted as interim stay till the disposal of appeal – Partial stay granted.
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