https://www.taxtmi.com/caselaws?id=444485 The petitioner challenged the Appellate Authority's order requiring a 20% pre-deposit of the tax demand for a stay on tax liability and penalty proceedings under the Income Tax Act, 1961. The Court acknowledged the petitioner's financial burden due to their handloom saree business and reduced the pre-deposit requirement to Rs. 10,00,000/-. The petitioner was given eight weeks to make this payment, after which the Commissioner of Income Tax (Appeals) was to entertain the appeal. The Writ Petition was disposed of without costs, and the connected Miscellaneous Petition was closed. en-us Mon, 09 Oct 2023 00:00:00 +0530 Mon, 05 Feb 2024 11:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444485 The petitioner challenged the Appellate Authority's order requiring a 20% pre-deposit of the tax demand for a stay on tax liability and penalty proceedings under the Income Tax Act, 1961. The Court acknowledged the petitioner's financial burden due to their handloom saree business and reduced the pre-deposit requirement to Rs. 10,00,000/-. The petitioner was given eight weeks to make this payment, after which the Commissioner of Income Tax (Appeals) was to entertain the appeal. The Writ Petition was disposed of without costs, and the connected Miscellaneous Petition was closed. Case-Laws Income Tax Mon, 09 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444485