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2012 (4) TMI 217 - HC - Income TaxPetition for grant of interim stay Demand imposed under order framed u/s 143(3) application filed for providing interim stay rejected by Adl CIT and stay petition rejected by CIT garnishee notice issued u/s 226(3) Held that:- Mere fact that appeal has been filed is no ground for granting stay particularly when the petitioner- assessee has sound financial position. Huge amount of arrears of tax if not paid would unnecessarily result in the payment of interest by a public body like the assessee-petitioner. No infirmity found in the order Petition dismissed.
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