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Income Tax - Highlights / Catch Notes

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Stay of demand - recovery proceedings - scope and ambit of ...

Income Tax

July 31, 2023

Stay of demand - recovery proceedings - scope and ambit of enabling provision namely Section 220(6) - petitioner apart from other reliefs also prayed for not insisting to take 20% of the demand and grant complete stay without any deposit - ITO / AO has not assigned any 'reason' as to why stand taken by the petitioner was not treated to be trustworthy - Matter restored back for reconsideration - HC

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