Waiver of Pre-Deposit Possible if Demand Seems Baseless; Stay Applications Require Careful Consideration of Consequences.

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....Waiver of pre-deposit - if on cursory glance it appears that the demand raised has no leg to stand, it would be undesirable to require the assessee to pay full or even substantive part of the demand and the stay application should not be disposed of in a routine manner unmindful of the consequences - HC....