HC directed assessee to pay 1% of tax demand during pendency of appeal against Sec. 68 additions

IT: Where AO made addition to assessee's income under section 68 and granted a conditional stay by paying 50 per cent of amount demanded during pendency of appeal, in view of fact that assessee was an institution in co-operative sector and its members were from general public as also from marginalised sector, in interest of justice, it would be appropriate to direct assessee to pay 1 per cent of addition made during pendency of appeal

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