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2019 (7) TMI 608 - HC - Income TaxStay petition - stay of recovery - Deduction u/s.80P disallowance - condition of depositing 20% of the tax demanded in five equal installments - HELD THAT:- Ext.P4 does not warrant interference of this Court in exercise of its power of review under Article 226 of the Constitution of India and hence the first ground against Ext.P4 fails. The next submission of Sri. Harisankar. V. Menon is that the petitioner may be permitted to comply with the order by starting the payment of the installments on or before 30th of July, 2019. To meet the ends of justice this prayer could be considered and accordingly accepted. The issue involves the claim of deduction u/s.80P disallowance. In the totality of the facts, deem it proper to stay 80% of the demand till disposal of appeal or 6 months whichever is earlier. 20% of the balance demand in five equal monthly installments starting from on or before the 30th day of July, 2019 should be paid. AO shall monitor the payment of demand and report and default on part of the appellant. Any default on part of appellant to pay demand will invite revocation of stay granted.
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