Sunday, 13 December 2015

HC grants stay on remaining demand till disposal of appeal as assessee had already deposited half of

IT: Where Assessing Officer had imposed upon assessee a penalty of Rs. 10 crores and thereafter he, on application of assessee moved under section 220(6), passed a conditional order directing assessee to pay Rs. 5 crores, since assessee had already deposited a sum of Rs. 5 crores, it was entitled to have stay of balance amount of Rs. 5 crores till disposal of appeal filed against penalty order

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