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2014 (8) TMI 1003 - HC - Income TaxStay application - Held that:- We feel that it would be appropriate if the ACIT reconsiders the application of the petitioner for stay in the light of the observations contained in the said decision of SOUL Versus DEPUTY COMMISSIONER OF INCOME-TAX [2008 (8) TMI 502 - DELHI HIGH COURT ]. This is so because according to the petitioner the assessment is a high pitched one inasmuch as it is approximately 17 times of the returned income. Consequently, we set aside the impugned order dated 06.08.2014 and remit the matter to the ACIT, Range-3, New Delhi for a fresh consideration of the stay application filed by the petitioner after taking into account the above mentioned decision of this court.
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