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2020 (3) TMI 128 - HC - Income TaxStay of the demand notice on deposit of 20% of the demand amount made - petitioner seeks considerable time for the payment, as even 20% would be more than Ten Crores of rupees - HELD THAT:- Upon instructions, the learned standing counsel appearing for Revenue, stated that the petitioners are permitted to pay 20% of the total demand in five(05) equal monthly installments, first of such installment would commence on or before 30.03.2020. The corresponding installments will have to be paid on 30.04.2020, 30.05.2020, 30.06.2020 and on 30.07.2020. The payment of the balance 80% of the amount is stayed on payment of the above such installments for the 20% of the demand amount. In the meanwhile, the second respondent is directed to hear the appeal in expedition.
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