https://www.taxtmi.com/caselaws?id=444345 The Telangana HC allowed a stay application under Section 220(6) for a charitable institution facing income tax demand. The petitioner had consistently availed tax exemptions as a charitable organization and filed rectification applications under Section 154 immediately after demand was raised. Despite the appeal and rectification application being filed in 2021 and pending for over two years, the Assessing Officer had ordered payment of 20% of outstanding demand. The HC held that given the petitioner's charitable status and prolonged pendency of proceedings without prejudice, the stay application should have been granted by the Assessing Authority. en-us Mon, 09 Oct 2023 00:00:00 +0530 Mon, 20 Jan 2025 10:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444345 The Telangana HC allowed a stay application under Section 220(6) for a charitable institution facing income tax demand. The petitioner had consistently availed tax exemptions as a charitable organization and filed rectification applications under Section 154 immediately after demand was raised. Despite the appeal and rectification application being filed in 2021 and pending for over two years, the Assessing Officer had ordered payment of 20% of outstanding demand. The HC held that given the petitioner's charitable status and prolonged pendency of proceedings without prejudice, the stay application should have been granted by the Assessing Authority. Case-Laws Income Tax Mon, 09 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444345