https://www.taxtmi.com/caselaws?id=342751 Where a stay application concerns a demand arising from a recurring revenue-recognition issue already accepted in earlier years, the Office Memorandum required the Assessing Officer to consider whether a lower pre-deposit was justified and, if so, to seek determination by the administrative Principal Commissioner or Commissioner. In the matter described, the 15% pre-deposit requirement was modified on equitable considerations, and stay of the demand was granted on deposit of about 10% of the disputed demand during the pendency of the appeal. en-us Fri, 28 Apr 2017 00:00:00 +0530 Thu, 11 May 2017 07:10:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342751 Where a stay application concerns a demand arising from a recurring revenue-recognition issue already accepted in earlier years, the Office Memorandum required the Assessing Officer to consider whether a lower pre-deposit was justified and, if so, to seek determination by the administrative Principal Commissioner or Commissioner. In the matter described, the 15% pre-deposit requirement was modified on equitable considerations, and stay of the demand was granted on deposit of about 10% of the disputed demand during the pendency of the appeal. Case-Laws Income Tax Fri, 28 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342751