Partial modification of Instruction No. 1914, dated 21-3-1996 to provide for guidelines for stay of demand at the first appeal stage.

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....uidelines for stay of demand at the first appeal stage. Reference : Board's O.M. of even number dated 29-2-2016. Instruction No. 1914 dated 21st March, 1996, contains guidelines issued by the Board regarding procedure to be followed for recovery of outstanding demand, including procedure for grant of stay of demand. Vide O. M. No. 404/72/93-ITCC, dated 29th February, 2016, revised guidelines we....

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....of 15 per cent. of the disputed demand is found to be on the lower side. Accordingly, it has been decided that the standard rate prescribed in O. M. dated 29th February, 2016, be revised to 20 per cent. of the disputed demand, where the demand is contested before Commissioner of Income-tax (Appeals). Thus, all references to 15 per cent. of the disputed demand in the aforesaid O. M dated 29th Febru....