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2023 (4) TMI 1278 - TELANGANA HIGH COURTStay of demand - legality and validity of the order as passed u/s 220(6) questioned directing the petitioner to pay an amount of Rs. 5 crores with the respondents by 30.03.2023 - HELD THAT:- While the main issue as to entitlement of the petitioner to exemption from income tax under Section 11 of the Act is the subject matter of the appeals pending before the first appellate authority, we are of the view that considering the status of the petitioner, which has been taken note of by respondent No. 1 himself, it would meet the ends of justice if petitioner pays an amount of Rs. 3 crores within a period of fifteen days from today. On such deposit being made, the demand raised by the respondents for the assessment years 2016-17 to 2021-22 shall remain stayed till disposal of the appeals stated to be pending before the first appellate authority. WP disposed.
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