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2018 (6) TMI 101 - HC - Income TaxGrant of absolute stay - Pre- deposits - demand of disputed tax entirely - genuine hardships - Held that:- Considering the facts and circumstances of the case, the matter being seized of by Appellate Authority, the respondent-Authorities are expected to consider the genuine hardship that would be caused to the assessee due to the high-pitched assessment. Hence, in the circumstances, this court is of the opinion that interest of justice would be sub-served in directing the petitioner to deposit 20% of the total enforceable demand in addition to 20% deposited and furnishing suitable security for another 35% of the total demand. Order - The impugned order at Annexure-A is modified. The petitioner shall deposit 40% of the total enforceable demand. Deductions shall be given to the amount already deposited. Sufficient security shall be furnished for 35% of the enforceable total demand within a period of four weeks from today.
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