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2016 (4) TMI 1204 - HC - Income TaxStay of demand - Deduction of income under S.10A denied - Held that:- The prayer made by learned counsel for petitioners appears to be justified and deserves acceptance. Though there was no interim stay granted by this Court against the proceedings and hearing of appeals pending before the Commissioner of Income Tax (Appeals) and he could have decided the pending appeals before him on merits by now, but in view of the admitted position that these appeals having not been decided for the last more than one year or so, it appears appropriate and expedient to dispose of these writ petitions with a direction to the Commissioner of Income Tax (Appeals) to decide the pending appeals expeditiously preferably within a period of six months from today. The assessee or its authorised representative may appear in the first instance before the Commissioner of Income Tax (Appeals) on 17th May, 2016. The petitioner shall deposit 15% of the total disputed demand under the impugned assessment orders within a period of one month from today and the Commissioner of Income Tax (Appeals) may thereafter, decide the appeals in accordance with law on merits within the aforesaid stipulated period. The assessee will be free to raise all contentions on merits before the Commissioner of Income Tax (Appeals).
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