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2013 (12) TMI 486

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..... within 10 days from today - Upon such deposit, the balance outstanding demand of 50% of the Rs.3,04,25,790/- will be stayed - The respondent not to take any coercive steps for recovery of the tax demand for a period of 10 days from today and on the petitioner paying in the aggregate 50% of the outstanding demand of Rs.3,04,25,790/- within 10 days from today, there shall be a stay for recovery of .....

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..... standing demand of Rs. 3,04,25,790/on it depositing 50% of the outstanding demand. This offer was accepted by the revenue. However, as the petitioner had not fully complied with its offer and had paid only Rs.1.24 crores the further application for stay of the rest of the demand was rejected. The petitioner was directed to pay arrears of outstanding tax for assessment year 200910 and 201011 sum of .....

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..... d by the petitioner so far is Rs.1,48,79,983/( including interest). An amount of Rs.1,33,79,983/was paid prior to filing of the writ petition on 20 December 2012 and Rs.15,00,000/on 22 November 2013 aggregating to Rs.1,48,72,983/. 6) In view of the above, it is open to the petitioner to appear before the Deputy Commissioner of Income Tax and satisfy him that an amount of Rs.1,48,79,983/has been .....

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