HC directed assessee to deposit further 20% of tax demand as application for stay of demand was rejected

IT : Where assessee deposited 20 per cent of tax demand during pendency of appeal and, thereupon Assessing Officer passed an order under section 220(6) whereby application filed by assessee for grant of absolute stay and collection of disputed demand was rejected, in interest of justice, assessee was to be directed to deposit further 20 per cent of original tax demand and if assessee complied with said direction, impugned notice issued under section 226(3) would be revoked

from www.taxmann.com Latest Case Laws https://ift.tt/2J3P7fQ