2025 (1) TMI 1188

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..... WRIT PETITION NO. 5053 OF 2024 - -
Income Tax
Stay the demand raised with regard to the Valuation of a property, till the disposal of appeal by the First Appellate Authority - AO directed the Petitioner to pay 20% of the demand - HELD THAT:- On a very similar situation in the Petitioner's own case for the AY 2015-2016, the PCIT has stayed the demand. We direct the PCIT to decide the stay ap .....

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..... For the Petitioner: Adv Rajendra,. For the Respondents: Adv Mamta Omle,. ORAL JUDGMENT (PER JITENDRA JAIN, J) :- 1. Heard learned counsel for the parties. 2. Rule. The Rule is made returnable immediately at the request of and with the consent of the learned counsel for the parties. 3. This Petition for Assessment Year 2022-2023 is filed seeking following prayer :- "A. The Hon'ble .....

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..... er to pay 20% of the demand. Aggrieved by the said order the Petitioner has made an application for stay of the demand with the Principal Commissioner of Income Tax ("PCIT") and also before the Commissioner of Income Tax Appeals ["CIT(A)"]. The stay application filed before the PCIT and CIT(A) is pending as on today. 6. Meanwhile, on a very similar situation in the Petitioner's own case for the A .....

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