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2019 (8) TMI 621 - DELHI HIGH COURTStay of demand - Pr. CIT directed to deposit approximately 14% of outstanding demand - Instruction No. 1914 dated 2nd February, 1993 issued by the CBDT - HELD THAT:- As far as the issue regarding the prima facie case in favour of the Petitioners is concerned, the Court notes that by the impugned order, the PCIT has not mechanically required the Petitioners to pay 20% of the total demand, but has used the discretion, and passed a reasoned order, determining the amount payable at around 14% of the total demand. Having considered the submissions in light of the documents placed on record, and without expressing any opinion whatsoever on the merits of the above contentions on behalf of the Petitioners, the Court is of the view that the impugned order cannot said to be unreasonable warranting interference by this Court. - petitions are dismissed
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