Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2019 (6) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2019 (6) TMI 404 - HC - Income TaxStay of demand - deposit of 20% of the amount of tax determined for the assessment year 2013-14 - HELD THAT:- Relief was granted staying the recovery, subject to condition of the appellant depositing 10% of the tax demanded within six weeks from the date of the judgment and another 10% within six weeks thereafter. It was made clear that, in default of payment, the stay granted will be deemed to have been vacated. There was also a direction issued to the appellate authority to consider and dispose of the appeal as expeditiously as possible, at any rate within a period of six months. It is aggrieved by the said judgment, the above writ appeal is filed. Upon hearing arguments of the counsel for the appellant and Sri. Christopher Abraham, learned counsel for the respondents, we are not persuaded to interfere with the judgment impugned. Having confronted with the situation, learned counsel for the appellant sought indulgence of this Court to extend the period stipulated for deposit of the first instalment by a further period of one month from today. The appellant is a Co-operative Bank and the liability for payment of the amount, prima facie, cannot be disputed. However, we are inclined to show indulgence in extending the time limit stipulated, in order to facilitate deposit of the amount to satisfy the condition. Judgement modified to the extent of allowing deposit of 20% of the disputed amount under demand within a period of six weeks from today.
|