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2015 (1) TMI 1219 - HC - Income TaxTDS liability - demand of short deducted tax - assessee in default - Held that:- At present there is an outstanding demand of ₹ 12,76,85,755/-, namely, the short deducted tax amounting to ₹ 10,29,72,390/- and the interest component amounting to ₹ 2,47,13,365/-. We direct the petitioner to deposit the component of interest of ₹ 2,47,13,365/- within two weeks from today. Upon deposit, the Commissioner of Income Tax (Appeals)-respondent no.2 where the petitioner's appeal is pending would be decided on a priority basis within three months. The balance demand towards short deducted tax will remain stayed during the pendency of the appeal.
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