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TMI Blog2014 (6) TMI 674X X X X Extracts X X X X X X X X Extracts X X X X ..... g the demand of percentage to be deposited. However, taking into consideration the petitioner's request that their business is not good and that they are not in a position to pay 50% as directed by the first respondent, there could be a slight modification to the order passed. 50% amount ordered to be deposited in three installments - stay granted partly. - W.P. No.14951 of 2014 and M.P.No.1 o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... assessment year 2011-12, the petitioner filed its return. The case was selected for scrutiny and during the scrutiny proceedings, the petitioner company specifically pointed out that it was an investment company and investment was made only in two scrips. According to the petitioner during the assessment year there were sales and there were no trading of shares. However, the Assessing Officer/fir ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or the petitioner would submit that the main appeal itself is posted for hearing on 17.06.2014 and the petitioner only pleads that some leniency could be shown in payment of the demanded tax. He would also submit that the petitioner is always ready and willing to get along with the appeal. 4. Learned Standing Counsel appearing for the Income Tax Department would submit that the impugned order p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l tax demanded in two instalments and the first instalment of 15% shall be paid on or before 17.06.2014 and thereafter the balance 10% shall be paid on or before 15.07.2014. On such payment of 25% of the total tax demanded, there will be an order of stay till the disposal of the appeal. 8. With the above direction and observation, this writ petition is disposed of. No costs. Consequently, the c ..... X X X X Extracts X X X X X X X X Extracts X X X X
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