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2012 (11) TMI 320 - ITAT, AHMEDABADDeduction u/s.80(IA)(4) - Held that:- As assessee's case is arguable & he had paid substantial tax (more than 80%) against the demand created by the A.O. the demand is stayed till the disposal of appeal which are coming up for hearing of 17.10.2012 in all the assessment years i.e. A.Y. 07-08, 08-09 & 09-10 or for the six month from the order of stay whichever is earlier. The assessee should not seek adjournment of hearing without compelling and justifiable reason and if a paper book is required to be filed by the assessee, the same should be filed well in advance & if these conditions are not fulfilled by the assessee, then, the stay will get vacated automatically - in favour of assessee as directed.
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