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2019 (7) TMI 386 - HC - Income TaxGrant of stay - stay on recovery - HELD THAT:- The reasons given by the 2nd respondent for refusing the prayer for stay and touch the merits of the appeal. Thus, the petition for stay is not given due consideration while disposing of interlocutory applications. The appeals in Exts. P5 and P9 since are pending and to balance the claims of assessee on one hand and the revenue on another hand and also to ensure timely disposal of the appeals the writ petition is disposed of by this order:- (a) there shall be stay of recovery of amount demanded for the Assessment Year 2011-2012 subject to the petitioner depositing 20 % of the tax demanded i. e, ₹ 1,12,81,740/- within four weeks from today. In default of complying with the condition the stay granted by this order ceases to be effective. (b) for the assessment year 2014-2015, the petitioner has paid 20% of the tax demanded therefore by granting stay of further recovery of the tax demanded for the assessment year 2014-2015, the appeal is directed to be disposed of. (c) the appeals in Exts. P5 and P9, hence are disposed of as expeditiously as possible preferably within three months from today.
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