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2020 (7) TMI 132 - HC - Income TaxStay petition - Direction to petitioner to pay 20% of the disputed demand pending disposal of the appeals but on an application preferred by the petitioner before the Principal Commissioner of Income Tax [2nd respondent] order was passed reducing the amount to 15% of the disputed demand - HELD THAT:- Petitioner is ready to pay an amount of ₹ 25,00,000/- [Rupees Twenty Five lakhs only] as against the demand in Ext.P6 order pending disposal of the appeals by the Appellate Authority. Taking note of the peculiar situation that existed during the pandemic period when the petitioner’s business has come under a lockdown, we deem it appropriate to dispose this writ petition by directing the 3rd respondent, before whom Ext.P2 series of appeals are pending, to consider and pass orders on the same, after hearing the petitioner, within six months from the date of receipt of a copy of this judgment. It is made clear that on the petitioner paying an amount of ₹ 25,00,000/- within two months, there shall be a stay of recovery of balance amounts confirmed against the petitioner by the assessment orders till such time as the 3rd respondent passes orders in the appeals and communicate those orders to the petitioner.
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