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| The Tax Publishers2020 TaxPub(DT) 1444 (Mad-HC) INCOME TAX ACT, 1961
Section 220(2)
Assessee was permitted to pay 20% of total demand in five equal monthly installments and payment of the balance 80% of the amount was stayed on payment of the above such installments for the 20% of the demand amount. In the meanwhile, Revenue authority was directed to hear appeal in expedition.
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Recovery - Stay of demand - Assessee was directed to deposit 20 per cent of tax demand -
Assessee filed application for stay of demand and seeking to quash the order directing assessee to pay 20% of the total demand raised immediately. It was submitted by assessee that already an appeal was filed against the original demand made. Order specifically stated that only on payment of minimum of 20% of total demand, stay petition would be considered. The said order was modified that, there would be an order of stay of the demand notice on deposit of 20% of the demand amount made. Held: Upon instructions, Revenue stated that assessee was permitted to pay 20% of total demand in five equal monthly installments. The payment of the balance 80% of the amount was stayed on payment of the above such installments for the 20% of the demand amount. In the meanwhile, Revenue authority was directed to hear appeal in expedition.
REFERRED :
FAVOUR : Directions issued.
A.Y. :
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