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2015 (6) TMI 325 - HC - Income TaxStay of demand - penalty proceeding will be initiated under Section 221 - notice under Section 156 the petitioner was directed to pay a sum of ₹ 1,82,20,010/- within fifteen days from the date of service of notice - Held that:- Though the petitioner has prayed for the larger relief of quashing the impugned notices, this Court is of the view that it would be suffice to direct the respondent to keep in abeyance further proceeding in terms of the impugned notice till 04.05.2015. Hence these writ petitions are disposed of with a direction to the respondent to keep in abeyance further proceeding in terms of the impugned notice till 04.05.2015 and the petitioner is at liberty to file statutory appeal and move for appropriate orders
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