HC dismissed petition for complete stay of demand. Petitioner ...

High Court denies full demand stay, directs 20% payment in installments.

January 17, 2025

Case Laws Income Tax HC

HC dismissed petition for complete stay of demand. Petitioner directed to pay 20% of Rs. 5.86 crore demand in 6 installments. Additions made by AO on account of non-genuine purchases based on search, statements and investigation. Petitioner failed to rebut findings or prove purchases were genuine. No prima facie case made out for full stay or financial incapacity shown to pay 20% demand.

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HC dismissed petition for complete stay of demand. Petitioner ...

High Court denies full demand stay, directs 20% payment in installments.

January 17, 2025

Case Laws Income Tax HC

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