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of <h1>CBDT Updates Guidelines: 15% Payment Required for Tax Demand Stay During First Appeal Stage, Amends 1996 Instructions.</h1> The Central Board of Direct Taxes (CBDT) has issued modified guidelines for staying the recovery of outstanding tax demands during the first appeal stage. These guidelines amend Instruction No. 1914 from 1996. The new instructions stipulate that a stay of demand will be granted upon payment of 15% of the disputed amount, unless specific circumstances justify a different percentage. Assessing officers must decide on stay petitions within two weeks and can impose conditions such as requiring taxpayer cooperation. The guidelines aim to standardize preconditions for staying demands and alleviate taxpayer hardships.
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