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2002 (10) TMI 85 - HC - Income TaxAppellate Tribunal - Writ - Challenge in this petition under article 226/227 of the Constitution of India is to the order, dated May 23, 2002, passed by the Income-tax Appellate Tribunal, New Delhi (for short "the Tribunal"), directing the petitioner to pay a sum of Rs. 1.15 crores in three instalments of Rs. 40 lakhs each, as a condition for stay of realisation of demand created against the petitioner and for disposal of its appeal on out of turn basis. The Tribunal has also directed the petitioner not to alienate or dispose of any of its immovable properties till the final disposal of the appeal. - we allow the writ petition; set aside the impugned order and make the rule absolute with a direction that the appeal of the petitioner shall be heard by the Tribunal without insisting upon any further deposit as a condition precedent for early hearing of the appeal.
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