Stay on recovery of demand couldn't be granted merely because appeal was pending before CIT(A): Madras HC

IT: Where assessee miserably failed to substantiate their contention that they were unable to mobilise funds to comply with direction of Assistant Commissioner to deposit 20 per cent of tax demanded nor they had brought out as to how they had made out a prima facie case for grant of an unconditional stay, mere pendency of an appeal before Commissioner (Appeals) was no ground to state that there should be stay on recovery of tax demanded

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