Stay granted on tax recovery; disputed amount to be returned.

The High Court of Punjab and Haryana ordered that the recovery of assessed tax from the petitioner, a statutory authority, be stayed pending the decision on the stay application by the CIT(A). The petitioner's draft for the disputed tax amount is to be returned, and its account unfrozen, with instructions for the CIT(A) to promptly decide on the stay application.

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The High Court of Punjab and Haryana directed that the recovery of assessed tax may not be enforced from the petitioner, a statutory authority, until the decision of the stay application by the CIT(A). The petitioner's draft towards the disputed tax amount should be returned, and its account defreezed. The CIT(A) was instructed to expedite the decision on the stay application.

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