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2017 (9) TMI 482 - CALCUTTA HIGH COURTStay of collection of taxes - Held That:- It would be appropriate to secure the principal amount of the claim of the Department without the necessity of recourse to any coercive measures to the extent possible. - The order of collection of tax for the assessment years 2010-2013 will remain stayed unconditionally for the period of two weeks from date. - the order of collection of tax for the assessment years 2010-2013 will remain stayed unconditionally for the period of two weeks from date. In the event, the petitioner deposit a sum of ₹ 5 crores 10 lakhs with the Revenue Authorities within the period of two weeks from date, the stay will continue until disposal of the appeal pending before the Tribunal. The Tribunal is requested to take up the appeal as expeditiously as possible. The Tribunal is also requested not to grant any unnecessary adjournment to any of the parties to the appeal.
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