https://www.taxtmi.com/caselaws?id=754218 HC directed petitioner to deposit Rs. 40 lakhs with the assessing officer within eight weeks; upon such payment the demand dated 7 April 2021 under s.156 shall be stayed, to the extent challenged in the pending appeal under s.246, until disposal of that appeal, and the petitioner shall be treated as not in default for the disputed amount. The deposit will abide the result of the appeal. The order followed CBDT guidelines allowing exceptional grant of stay subject to specified payment. en-us Thu, 13 Jun 2024 00:00:00 +0530 Sat, 20 Sep 2025 11:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754218 HC directed petitioner to deposit Rs. 40 lakhs with the assessing officer within eight weeks; upon such payment the demand dated 7 April 2021 under s.156 shall be stayed, to the extent challenged in the pending appeal under s.246, until disposal of that appeal, and the petitioner shall be treated as not in default for the disputed amount. The deposit will abide the result of the appeal. The order followed CBDT guidelines allowing exceptional grant of stay subject to specified payment. Case-Laws Income Tax Thu, 13 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754218