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2019 (3) TMI 1138 - KARNATAKA HIGH COURTIssuance of Garnishee notices during the pendency of the stay application - AO empowerment to grant stay provided 20% of the disputed demand paid - - HELD THAT:- There is considerable force in the arguments advanced by the learned counsel for the revenue. That the Assessing Officer was empowered to grant an interim order of stay provided 20% of the disputed demand is paid by the assessee. However, it is not in dispute that 10% of the disputed demand is already paid by the assessee. In such circumstances, justice will be met if a direction is issued to the petitioner to deposit 10% of the balance disputed amount before the respondent within a period of two weeks. Writ petition stands disposed of directing the respondent to restore the amount if any collected from the petitioner’s bankers pursuant to the garnishee notices issued impugned herein and withdraw the garnishee notices subject to the undertaking to be given by the petitioner that 10% of the disputed demand would be deposited within a period of two weeks from today
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