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2019 (6) TMI 610 - HC - Income TaxStay of demand - directing petitioner to pay 80% of the demand for each financial year without considering the Office Memorandum issued by the Government of India, Ministry of Finance dated 31st July, 2017 which categorically states that when the matters are before the Commissioner (Appeals) if the assessee pays 20% of the disputed demand, the rest will be stayed - HELD THAT:- We direct the petitioner to pay 20% of the disputed demand for all the financial years within seven days and in the event, the petitioner deposits such amount, the CIT (Appeals) – XXIV is requested to conclude the hearing within two months from the date of communication of this order to the Commissioner (Appeals). If 20% of the disputed amount is deposited by the petitioner company within seven days, the Assistant Commissioner of Income Tax being the respondent no.1 will not take any coercive measure till the disposal of the appeals by the Commissioner of Income Tax (Appeals) – XXIV.
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