2018 (2) TMI 1465

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..... he refund of the earlier year, the deposit towards disputed tax liability for the current year would exceed 20%. Counsel for the Revenue do not dispute this factual assertion of the petitioner. In view of these developments, no further relief would be needed to enable the petitioner to enjoy the stay pending appeal for the current assessment year since the insistence of the Principal Commissioner .....

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..... idering substantial tax liability arising out of the order of assessment, we had by way of adinterim relief, granted protection to the petitioner against recoveries on the condition of depositing 10% of the disputed tax amount. 2. When this petition was taken up today, learned counsel for the petitioner submitted that subsequently the assessment for the assessment year 2011-12 was completed, out .....

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