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2020 (7) TMI 815 - HC - Income TaxStay of demand - Unexplained money u/s 69A - substantial credits in the bank accounts of the petitioner of demonetized notes - HELD THAT:- Both writ petitions have absolutely no merit and deserve to be dismissed in limine. The impugned order challenged has been passed by the Appellate Authority upon consideration of the merits as well as the financial and bank statements filed by the petitioner. The petitioner was directed to pay 25% of the tax demand within a specified time frame. The order also states that if the aforesaid direction was not complied with, the stay granted would stand revoked. No reason whatsoever to interfere with the attachment of the bank account.
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