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2018 (5) TMI 1309 - AT - Income TaxStay of recovery of the demand - it was submitted that assessee presently is in severe financial crunch and if further amount is realized by the Department by way of coercive means, it will severely affect the business of the assessee and assessee will not be able to stand in the market - Held that:- We deem it fit to stay the recovery of remaining amount subject to the deposit by the assessee of 50% of the total demand raised, which means that the assessee would another pay to the Department about 18.5% of the total outstanding demand. The Department will be entitled for encashment of three cheques towards the realization of demand but subject to the limit of 50% of the total outstanding demand. If there will be a shortfall despite encashment of cheques, the assessee will be liable to pay the remaining amount so as to make it 50% of the total demand within 15 days from today.
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