https://www.taxtmi.com/highlights?id=73962 Stay of demand - attachments placed on the petitioner's bank accounts in relation to the outstanding demand - Department had already collected around 30% of the tax liability. In terms of the provisions of the Act, if 20% of the tax liability is paid to the Department, the Assessee will be automatically entitled for stay of recovery proceedings, which were initiated against him. - Attachment order vacated - HC en-us Thu, 04 Jan 2024 15:46:05 +0530 Thu, 04 Jan 2024 15:46:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=73962 Stay of demand - attachments placed on the petitioner's bank accounts in relation to the outstanding demand - Department had already collected around 30% of the tax liability. In terms of the provisions of the Act, if 20% of the tax liability is paid to the Department, the Assessee will be automatically entitled for stay of recovery proceedings, which were initiated against him. - Attachment order vacated - HC Highlights Income Tax Thu, 04 Jan 2024 15:46:05 +0530 https://www.taxtmi.com/highlights?id=73962