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2014 (5) TMI 361 - HC - Income TaxApplication u/s 220(6) of the Act – Stay application - Assessee not to treat as assessee in default - Whether pending the disposal of the stay application, the assessee should be granted a blanket stay of demand – Held that:- The FAA granted a stay of demand to the extent of 70% - the assessee was required to deposit approximately 15% of the total demand – the petitioner is to be directed to deposit an amount of Rs.6 crores - the balance amount would be stayed till the disposal of the stay application before the CIT (A) – Partial stay granted.
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