Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2018 (8) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (8) TMI 1152 - HC - Income TaxStay of demand - Additions u/s 68 - laundering of black money - CIT(A) granted a stay on condition of payment of 50% of the amounts. The learned Single Judge reduced it to 20%. - Held that:- Considering the entire circumstances as also the failure of the assessee to produce the details at the first stage, we are of the opinion that the assessee will have to make a deposit of 1% of the tax addition made under Section 68 of the Act within a period of one month from the date of receipt of a certified copy of this judgment.
|