2002 (3) TMI 907

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..... s writ petition is posted for preliminary hearing, with the consent of the learned counsel appearing for the parties is taken up for hearing and disposed of by this order. 3.. In this petition, the petitioner has prayed for a direction to the first respondent not to take any coercive steps to recover the arrears of tax pursuant to the order of assessment dated May 8, 2000 against the petitioner. .....

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..... etitioner in terms of the order of assessment made, the petitioner would be put to irreparable injury and hardship. The learned counsel further submits that having regard to the facts and circumstances of the case, this is a fit case where this Court should exercise its power under articles 226 and 227 of the Constitution of India and direct stay of recovery of amount due from the petitioner by th .....

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..... itioner for recovery of arrears of tax pursuant to the orders of assessment made against the petitioner and the notices issued as per annexures A and A1 is directed not be given effect to till the disposal of appeal in STA No. 944 of 2001 pending before the Tribunal, subject to the condition that the petitioner deposits 25 per cent of the tax amount due and 20 per cent of the penalty levied within .....

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