Directing assessee to pay 20% of tax demand by relying wholly on CBDT's instruction no. 1914 was to be set-aside

IT : Where no speaking order was passed by revenue authorities while rejecting application of assessee for stay of demand and directing assessee to pay 20 per cent of amount demanded during pendency of appeal by relying wholly on CBDT instruction No. 1914, dated 21-3-1996, impugned order being passed mechanically and without application of mind was to be set aside

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