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2014 (10) TMI 114 - HC - Income TaxStay application – Imposition of condition – Held that:- Once it is admitted that at least 25% of the demand now made by the revenue is already with them in the form of an amount due by way of refund, the imposition of the condition does not appear to be proper - The fact that a refund of at least 25% of the total amount now demanded is due to the assessee has not been taken note of by the respondents - the writ petition is allowed and the condition imposed in the order for payment of 50% of the demand is set aside – Stay granted.
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