Court Grants Relief u/s 220(6) for Denied 12A Registration; 10% Deposit Required to Avoid Default.

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....Stay of demand - writ petition - Registration under section 12A denied - the petitioner shall not be treated as an assessee in default as contemplated under section 220(6) of the Act, subject to the petitioner depositing ten per cent of the amount stated in the demand notice within a period of four weeks from today - HC....