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2022 (1) TMI 430 - MADRAS HIGH COURTStay of demand - amounts to be pre-deposited - HELD THAT:- We are inclined to dispose this writ petition by directing the petitioner to pay a sum of ₹ 30,00,000/- per month till the amount is paid. The amounts shall be paid by the petitioner by 5th of every month. In case there is failure to pay the amounts by the due date, the protection under this order shall come to an end sine die and the respondent will be at liberty to attach the bank accounts of the petitioner. In other words, the impugned Assessment Order shall stand revived without any reference. Appeal of the petitioner which is pending before the Commissioner of Income Tax (Appeals) shall be taken up for a final hearing only after the petitioner pays the entire amount of ₹ 2,98,81,885/- in terms of this order.
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