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2023 (10) TMI 708 - MADRAS HIGH COURTRecovery proceedings - conditional stay order passed - petitioner is directed to pre-deposit 20% of the demanded tax for entertaining the Appeal - HELD THAT:- As the petitioner is engaged in the manufacturer of Handloom Sarees, this Court is of the view that the impugned order passed by the first respondent/Appellate Authority requiring the petitioner to pay 20% of the tax demand is on the higher side. Therefore, this Court directs the petitioner to deposit Rs. 10,00,000/- instead of 20% (which come around Rs. 47,89,456/-) of the impugned demand ordered by the Appellate Authority within a period of eight weeks, which starts from today. Upon such payment made by the petitioner, the third respondent/Commissioner of Income Tax (Appeals) is directed to entertain the appeal. Writ Petition is disposed of on the aforesaid terms.
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