Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2023 (8) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2023 (8) TMI 885 - HC - Income TaxStay of demand - directions to deposit of amounts lesser than twenty percent of the disputed demand - HELD THAT:- There shall be a direction to the respondents to maintain status quo as far as pre-deposit of the amount pursuant to the Assessment Order dated 19.03.2022 or in terms of the rectification order passed on 17.01.2023 for a period of two months from today. The Appellate Commissioner / fourth respondent before whom appeal of the petitioner is pending shall endevour to dispose of the above appeal, within a period of two months from the date of receipt of copy of this order. The petitioner is directed to cooperate with the Appellate Commissioner namely the fourth respondent. In case, for any reason the appeal is not disposed of by the fourth respondent, the respondents may call upon the petitioner to pay amount in terms of taking note of the decision of the Hon'ble Supreme Court in the case of PCIT vs. LG Electronics India (P.) Ltd [2018 (7) TMI 1905 - SC ORDER] has held that tax authorities are authorised to grant waiver of deposit of amounts lesser than twenty percent of the disputed demand in the facts and circumstances of each case Writ Petition is disposed of with the above observations.
|