9911796707
TMI Blog2016 (4) TMI 89X X X X Extracts X X X X X X X X Extracts X X X X ..... This petition has been filed for quashing the order dated 11 March 2016 passed by the Principal Commissioner of Income Tax, Muzaffarnagar on the petition for stay of demand filed by the petitioner. It is stated that for the A.Y. 2012-13 an order was passed on 31 March 2015 determining the income at Rs. 3,20,17,882/- as against the returned income of Rs. 17,07,650/-. This resulted in tax demand ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... assessee was also required to give an undertaking that it will cooperate in the early disposal of the First Appeal and will not seek any adjournment and would also provide by 14 March 2016 the details of all the bank accounts. Sri Abhinav Mehrotra, learned counsel appearing for the petitioner has submitted that in the facts and circumstances of the case, when the First Appeal was not being heard ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... considered the submissions advanced by the learned counsel for the parties. In our opinion the order passed by the Principal Commissioner of Income Tax, Muzaffarnagar does not call for any interference under Article 226 of the Constitution as 50% of the disputed tax has been directed to be deposited after recording a prima facie finding that the addition made by the Assessing Officer was based o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... non deposit of the 30% of the disputed taxed amount by 22 March 2016. In view of the above, we direct that till 7 April 2016 by which date the petitioner has been directed to deposit 30% of the balance amount, no coercive steps shall be taken by the Department. However, if the petitioner fails to deposit the balance 30% of the disputed tax by 7 April 2016, the protection granted by the Court shal ..... X X X X Extracts X X X X X X X X Extracts X X X X
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