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2017 (3) TMI 1259 - HC - Income TaxStay of demand - directing the petitioner to deposit/pay 15% of the disputed demand so as to stay the demand till final disposal of its appeal before CIT (A)- Held that:- Having accepted 15% of deposit in respect of a stay under Section 220(6) of the Act for an earlier appeal cannot estop the petitioner from contending that they should be granted an unconditional stay. This is more particularly so as the issue now seems to be covered by the order of the Appellate Authority for the earlier assessment year in its favour. In the above view the issue arising in the appeal for the assessment year 2014-15 which is pending before the CIT (A) stands concluded as of now in favour of the petitioner – assessee by the order of the Appellate Authorities for earlier assessment year. It would therefore be appropriate in these facts to pass the following order : (i) The demand of ₹ 29.13 crores be stayed till such time as CIT (A) decides the petitioner's appeal for the assessment year 2014-15 and the communication of same to the petitioner; (ii) Petition disposed of in above terms.
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