Madras HC set aside non-speaking order of AO directing assessee to pay 20% of demand immediately

INCOME TAX: Where assessee filed an application before Assessing Officer for stay of recovery of demand who held assessee to be in default and directed it to pay 20 percent of demand immediately for stay and informed assessee that in event of non-compliance, necessary follow up action would be taken, since Assessing Officer had passed a non-speaking order, same was to be set aside and matter was to be remanded

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