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2018 (6) TMI 34 - HC - Income TaxStay on recovery of demand - disallowance of entire purchase expense on account of no permanent establishment in India - order directing the petitioner to deposit 20% of the disputed tax - Held that:- The order directing the petitioner to deposit 20% of the disputed tax is non-reasoned and non-speaking - thus petitioner has to deposit 15,00,00,000/- in the three AYs. Since the amount of ₹ 5,00,00,000/- is to be deposited within 7 days, there would be stay of recovery of impugned demand by coercive steps till the next date of hearing.
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