2013 (2) TMI 378

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....1234/2013 Allowed subject to all just exceptions. WP(C) 648/2013 and CM 1235/2013 The petitioner is essentially seeking stay of recovery of the demand as per the notice dated 24.08.2012 for an amount of Rs.34,68,87,165/-. The said demand pertains to the assessment year 2009-10. An application for stay was made before the Assessing Officer which was rejected by virtue of his order dated 02.11.20....

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.... of Income Tax.  The petitioner has already filed an appeal which is pending before the Commissioner of Income Tax (Appeals). After hearing the counsel for the parties, we feel that it would appropriate to direct the Commissioner of Income Tax (Appeals) to dispose of the appeal by 31.03.2013. We also direct that the attachment order be lifted by the respondents subject to the petitioner payi....