2018 (3) TMI 1361

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....n under Article 226 of the Constitution of India challenges the order dated 19th February, 2018 passed by the Deputy Commissioner of Income Tax. The impugned order passed after discussion with the Principal Commissioner of Income Tax partially rejected the petitioner's application for stay of a demand of Rs. 5,80,29,696/under Section 220(6) of the Income Tax Act,1961 (the Act) by directing the....

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....the affidavit of Mr. P.A. Gaikwad, the Chief Administrative Officer, dated 23rd March, 2018 has been tendered in Court on behalf of the petitioner. The same is taken on record. In the affidavit it is stated that out of Rs. 1,16,05,939/( being 20% of penalty of Rs. 5,80,29,698/), the petitioner has already paid a sum of Rs. 10 lakhs. Further, the affidavit undertakes to pay sum of Rs. 25 lakhs on ....