2021 (9) TMI 1398 - HC - Income Tax

Stay of demand - Respondent No.2 has rejected the prayer of petitioner for staying recovery of entire demand until final disposal of the appeal that petitioner has filed challenging the assessment order dated 23rd April 2021 - Respondent No.2 has directed petitioner to deposit 20% of the amount payable under the assessment order - HELD THAT - We see no reason to interfere in the order impugned. Petitioner may make out their case in the appeal. Respondent No.3 is directed to dispose of the appeal expeditiously and in any event by 15th January 2022.

Summary

The Bombay High Court upheld an order rejecting a petitioner's request to stay recovery of a demand pending appeal challenging an assessment order. The petitioner was directed to deposit 20% of the amount payable under the assessment order. The court declined to interfere with the order and directed the appeal to be disposed of by January 15, 2022.