HC reduced pre-deposit of tax amount from 20% to 10% considering high tax demand raised against assessee

INCOME TAX: Requirement of depositing disputed tax dues to enable assessee to enjoy stay during pendency of appeals before Commissioner (Appeals) was to be reduced to 10 per cent from 20 per cent as total tax demand was quite high and issues were at first appeal stage and even 20 per cent of tax dues would run into lakhs of rupees

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