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2016 (7) TMI 1470 - MADRAS HIGH COURTStay of the recovery proceedings - whether the petitioner is entitled for the grant of exemption under Section 10(21)? - Held that:- Whether the Appeals have been preferred as against the order passed by the Income Tax Appellate Tribunal, but today, the learned counsel has got instructions that authorization has been given by the Department to file Appeals. Be that as it may, as on date, the orders passed by the Income Tax Appellate Tribunal has not been reversed/modified/altered/stayed by this Court, and an Appeal has only been authorized to be filed. Writ Petition in respect of the same assessee, for the previous assessment year, 2012-13, this Court is of the view that the recovery proceedings initiated against the petitioner shall remain stayed till the Appeals are heard and disposed of by the second respondent.
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