2018 (2) TMI 1599

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....the Respondents. PC:- 1. This Petition challenges the orders dated 18th May 2017 passed by the Commissioner of Income Tax and the consequent recovery notice dated 21st September 2017 and 26th September 2017 issued by the officers of the Revenue. 2. By the impugned order dated 18 May 2017 the Petitioner applied for stay of the demand pursuant to the Assessment Order dated 20 March 2017 til....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....its financial difficulty the Petitioner paid 15% of the disputed demand of Rs. 71.63 Crores in installment in accordance with the CBDT circular dated 29th February 2016. In the meantime, by order dated 18th May 2017, Respondent No.1 i.e. Commissioner of Income Tax directed the Petitioner to pay additional 15% of the disputed demand. Thus the Petitioner was directed to pay an amount of 30% of the d....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....f the demand as directed by the order of the CIT(A) dated 18th May 2017 till the CIT(A) disposes of the Petitioner's appeal. 7. Mr. Malhotra, the learned counsel for the Revenue on instructions states that the Revenue will not take coercive proceedings till the Petitioner's Appeal from the order dated 20th March 2017 is disposed of by the CIT(A). 8. It is made clear that in the pecul....