Stay of demand - ACIT requiring to deposit 20% of the ...

Case Laws Income Tax

July 20, 2019

Stay of demand - ACIT requiring to deposit 20% of the outstanding demand - only in ‘exceptional circumstances’ the discretion of the AO could be interfered with by the superior authority i.e either the assessment order is unreasonably high-pitched or a genuine hardship is likely to be caused to the Assessee - Petitioner has failed to make out a case of genuine hardship - no stay of the demand

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Stay of demand - ACIT requiring to deposit 20% of the ...

Case Laws Income Tax

July 20, 2019

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