Delhi HC quashed writ seeking stay on demand for tax recovery as assessee didn’t approached HC with clean hands

INCOME TAX: Where assessee had requested for stay on demand for recovery of tax under section 220 contending that prepaid taxes lying with revenue were higher as compared to 20 percent of disputed demand and interim stay was granted, but it was found that assessee itself computed book profit at Rs. 1127.45 crores and, thus ,would be liable to pay tax of Rs. 224.71 crores and this was minimum tax liability of assessee and, thus, assessee had not approached High Court with clean hands and,

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