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2009 (1) TMI 87 - BOMBAY HIGH COURTTrust – huge demands - Whether C.I.T. (A) is justified in declining to grant absolute stay of demands during pendency of appeals – CIT (A) directed the petitioner to pay 10% of the demands i.e.1.5 crore now and remaining till disposal of appeal - fact that the undisclosed income on account of donation been taxed in the hands of trust as well as the principle trustee, order of C.I.T. (A) is modified - stay of recovery shall be subjected to furnishing of bank guarantee in sum of 1.50 crore
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