https://www.taxtmi.com/caselaws?id=357658 The High Court of Bombay disposed of the petition challenging the Deputy Commissioner of Income Tax's order, partially rejecting the application for stay of demand under Section 220(6) of the Income Tax Act, 1961. The petitioner was directed to deposit 20% of the demand amounting to Rs. 5,80,29,696, with specific payment deadlines. Despite initial non-compliance, the Court accepted the petitioner's commitment to pay in installments and directed the respondents not to take coercive action until specified dates. The Court emphasized the importance of honoring commitments to the Revenue and adherence to payment schedules. No costs were awarded in the case. en-us Fri, 23 Mar 2018 00:00:00 +0530 Tue, 27 Mar 2018 09:22:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357658 The High Court of Bombay disposed of the petition challenging the Deputy Commissioner of Income Tax's order, partially rejecting the application for stay of demand under Section 220(6) of the Income Tax Act, 1961. The petitioner was directed to deposit 20% of the demand amounting to Rs. 5,80,29,696, with specific payment deadlines. Despite initial non-compliance, the Court accepted the petitioner's commitment to pay in installments and directed the respondents not to take coercive action until specified dates. The Court emphasized the importance of honoring commitments to the Revenue and adherence to payment schedules. No costs were awarded in the case. Case-Laws Income Tax Fri, 23 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357658