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2012 (6) TMI 14 - HC - Income TaxCorrectness and sustainability of order imposing a condition upon the petitioner to satisfy further 15% of the total alleged liability, inspite of the fact that the petitioner has already satisfied 60% of the demand - petition sought interception of order because of the pendency of the appeal and the nature of challenge involved - Held that:- It is an undisputed fact that, out of the alleged total liability, 60% stands satisfied. That apart, the petitioner being a fully owned Government undertaking, the respondents need not be apprehensive of the possible chance of realisation of the amount if at all due from the hands of the petitioner, as and when the proceedings are finalized. Such condition imposed is waived off and the petitioner is declared as eligible to avail the benefit of absolute stay during the pendency of the appeal - Decided in favor of petitioner.
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