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2020 (2) TMI 735 - HC - Income TaxStay petition - Recovery of outstanding tax demands - petition for stay of collection is hereby rejected on the ground that mere filing of appeal before the CIT(A) is not a valid reason for stay of collection - HELD THAT:- As relying on MRS. KANNAMMAL VERSUS INCOME TAX OFFICER WARD 1 (1) TIRUPUR [2019 (3) TMI 1 - MADRAS HIGH COURT] the impugned order is set aside. The petitioner is granted liberty to approach the appellate authorities with an application for stay of recovery within a period of two (2) weeks from today and the Appellate/Administrative Commissioner will, after hearing the petitioner, dispose the stay application in accordance with law and after taking into consideration the three fold aspects of prima facie, financial stringency and balance of convenience within a period of three (3) weeks thereafter by way of a speaking order. There shall be an order interim stay of recovery of the disputed demand till disposal of the stay application to be filed by the petitioner before the Appellate/Administrative Commissioner. It is made clear that if the petitioner does not file an application for stay within a period of two (2) weeks from today, then, order dated 05.02.2020 will automatically stand revived.
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