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2022 (5) TMI 780 - MADRAS HIGH COURTStay of demand - ITO passed the impugned order asking the petitioner to pay 20% of the demand outstanding and after the payment of the same, the remaining 80% of outstanding demand may be considered for stay under Section 220(6) till the disposal of the first appeal - HELD THAT:- As per Section 220 sub clause (2) of the Income Tax Act, 1995, the petitioner-Assessee has to pay 1-1/2% per cent interest for every month for the outstanding amount. This Court is inclined to direct the respondent to dispose of the appeal as expeditiously as possible, after affording an opportunity to the petitioner. Meanwhile, the petitioner is directed to deposit 10% of the outstanding demand i.e Rs.22,78,019/- within a period of four weeks, from the date of receipt of a copy of this order.
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