TaxTMI 
TaxTMI 
The A.O. has given order u/s 143(3) , and raised demand of Rs. 10 lacs . The assessee is going for appeal with CIT (Appeals). Whether demand of Rs. 10 lacs can be kept in abeyance till the disposal of appeal ? What is the procedure for stay of demand.
stay of demand
19 Jan 2013 
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Stay of demand can be sought to suspend tax recovery pending appeal by applying to assessing officer or appellate forum.
An assessing officer issued an order under section 143(3) raising a tax demand; the assessee may apply for a stay of demand to the assessing officer, to the appellate forum hearing the appeal, or to a higher forum to keep recovery proceedings in abeyance pending disposal of the appeal; absent a granted stay, revenue may initiate recovery proceedings. (AI Summary)
An assessing officer issued an order under section 143(3) raising a tax demand; the assessee may apply for a stay of demand to the assessing officer, to the appellate forum hearing the appeal, or to a higher forum to keep recovery proceedings in abeyance pending disposal of the appeal; absent a granted stay, revenue may initiate recovery proceedings. (AI Summary)
