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2019 (5) TMI 1662 - HC - Income TaxStay petition - Petitioner is a primary credit society which has been issued with assessment order under the Income Tax Act - as contended that demands are being raised in terms of the assessment orders - HELD THAT:- The appeal preferred by the petitioner institution is liable to be considered and disposed of on merits before proceeding with the recovery of amounts in terms of the orders passed by the assessment authority. There will be a direction to the 2nd respondent appellate authority to take up consider and pass appropriate orders on Exhibit P2 appeal preferred by the petitioner and to dispose of the same in accordance with law at the earliest, at any rate, within three months from the date of receipt of a copy of this judgment. Till orders are passed on the appeal, as directed above, coercive proceedings on the basis of the original order shall be kept in abeyance.
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