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2014 (9) TMI 86 - HC - Income TaxStay application – Recovery of tax and interest – Petition to be moved to appellate authority - Held that:- To balance the equation and safeguard the interest of the petitioners and the Revenue, assessee is permitted to move the appellate authority for stay of the demand notice, and to enable the petitioners to avail such benefit, till then proceedings pursuant to order and the demand notices needs to be stayed – stay granted.
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