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2012 (10) TMI 313 - BOMBAY HIGH COURTStay of Recovery proceedings - DCIT stated that the mere filing of an appeal cannot be a ground for withholding the tax demand and directed the petitioner to pay fifty per cent of the demand immediately and stayed the balance demand till the disposal of the appeal. He further stated that if the petitioner failed to deposit the amount within one week of the receipt of the letter, coercive measures would be taken for the recovery of the demand, without further notice. - Held that:- stay granted with direction t protect the interest of the revenue.
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