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2024 (3) TMI 1210 - HC - Income TaxRejection of request for exemption from pre-deposit - basis of imposing the liability of the petitioner - HELD THAT:- Taking into consideration the notification, Instruction No.1914 issued u/s 220 of the Income Tax Act as read with OM [F. No.404/72/93-ITCC], we deem it appropriate to direct the first Appellate Authority CIT (appeals) to decide the appeal within a period of three months, without insisting on the recovery of the demand. Till the pendency of the appeal, the demand shall be deemed to be stayed without depositing the pre-deposits 20%.
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