2019 (4) TMI 1482

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....5176 of 2019 - -<br>Income Tax<br>Dr. Justice Anita Sumanth For the Petitioner : Mr. R.Sivaraman For the Respondent-1 to R-3 : Mrs. Hema Muralikrishnan, Sr. Standing Counsel For the Respondent-4 : Mr. C.Mohan, for, M/s. King and Patridge. ORDER The petitioner is a Partnership Firm, assessed to Income Tax on the file of the first respondent/Assistant Commissioner of Income Tax, Non-C....

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....d by the petitioner. The aforesaid assessment has been carried in appeal before the first appellate authority by the petitioner. The assessment has given rise to a demand of a sum of Rs. 2,14,09,400/-. 3. The petitioner has filed an application seeking stay of recovery of the demand before the first respondent, which is yet pending disposal. Even during the pendency of the aforesaid stay applic....

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....s the stay petition filed by the petitioner are pending before the appellate authority and the assessing officer respectively, I am of the view that the interests of both parties will be protected by directing the petitioner to remit a sum of Rs. 25,00,000/- (Rupees twenty five lakhs only) either by appropriation of the amounts lying to its credit in the South Indian Bank, Triplicane Branch/the th....