Tax Appeal Stay Granted with Reduced 10% Deposit Instead of Standard 15-20% Requirement.

Stay of recovery - appeal pending before CIT(A) - circular lays down 15%/20% of the disputed demand to be deposited for stay, by way of a general condition and does not prohibit or envisage that there can be no deviation from this standard formula - it is inbuilt in the circular itself to either decrease or even increase the percentage of the deposit of disputed tax demand - stay granted at 10% payment .....

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