HC grants stay on demand as it required an enquiry into assertion of assessee that it was exempt fro

IT : Where plea raised by assessee that it was an agent of State Government and, thus, income earned in said capacity was not chargeable to tax, required detailed investigation and, moreover, by way of adjusting refund for other assessment years, department had already recovered 23 per cent of total tax demand, in interest of justice, demand for balance amount was to be stayed