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2008 (5) TMI 20 - HC - Income Tax
Stay of demand u/s 220(6) – Putting the cart before the horse. - Against the returned income of ₹ 7.5 cr, assessed income was ₹ 58.68 cr. Assessee preferred an appeal before comm.(A) and filied stay application before AO. But department initiated the proceedings for recovery of demand along with interest and penalty. HC ordered to keep the recovery proceedings in abeyance and allowed part deposit as per earlier order of DCIT.