High Court allowed stay of demand till disposal of appeal on deposit of Rs. 2 lakhs by assessee

INCOME TAX : Where Assessing Officer passed assessment order on assessee and levied huge tax and assessee against impugned order filed appeal along with petition for stay under section 220(6), assessee was to be directed to remit Rs. 2 lakhs and on such deposit, order challenged before Appellate Authority stood stayed till disposal of appeal

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