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2015 (10) TMI 2185 - HC - Income TaxStay of disputed outstanding demand seeked - Held that:- Since the regular appeal is not yet disposed of and since by the order passed under Section 220(6), the Assessing Officer was likely to review the conditional order, the appellant apprehends that some more levy may be imposed. The above grievance of the appellant could easily be redressed. As against the original assessment completed on 28.5.2014, the appellant did not go on appeal. They have accepted all the disallowances. Now, what is pending in appeal is only the question of penalty. The total penalty levied was ₹ 10 Crores. Out of the said amount, a sum of ₹ 5 Crores has already been deposited. Therefore, this is a fit case where the appellant is entitled to have stay till the disposal of the appeal. Thus grant the benefit of stay to the appellant till the disposal of the appeal.
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