9911796707
TMI Blog2023 (10) TMI 708X X X X Extracts X X X X X X X X Extracts X X X X ..... - conditional stay order passed - petitioner is directed to pre-deposit 20% of the demanded tax for entertaining the Appeal - HELD THAT:- As the petitioner is engaged in the manufacturer of Handloom Sarees, this Court is of the view that the impugned order passed by the first respondent/Appellate Authority requiring the petitioner to pay 20% of the tax demand is on the higher side. Therefore, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of Income Tax-I, Appellate Authority, the first respondent in a Petition for Stay, in C.No.117(26) stay petition/PCIT-1/23-24, dated 31.08.2023. 3. The second respondent, Income Tax Officer passed an assessment order, dated 21.03.2023, under the provisions of Income Tax Act, 1961 (hereinafter, referred to as 'the Act') whereby, a tax liability of Rs. 1,48,54,156/- was determined for ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Rs. 47,89,456/- and granted stay for the balance amount. The petitioner finds that the impugned order requiring the petitioner to pre-deposit 20% of the tax as onerous, which has resulted in filing of this Writ Petition, seeking to quash the said condition. 5. Mr.T.Ramesh, learned counsel appearing for the petitioner has submitted that the petitioner is engaged in the business of manufacturin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rotation on the petitioner's bank account, the Appellate Authority imposed the condition of pre-depositing 20% of the tax and same is only reasonable and not onerous as contended by the petitioner. 7. Heard the learned counsel for both the parties and perused the materials on record. 8. After hearing the learned counsels appearing for the parties and perusing the materials placed on ..... X X X X Extracts X X X X X X X X Extracts X X X X
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