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Institution Granted Interim Protection from 20% Tax Deposit Demand; Authority May Reduce Amount Per CBDT Guidelines.

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Full Text of the Document

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....Stay of demand - direction to deposit of 20% of demand - institution is registered u/s 12AA - admittedly a discretion vested in the statutory authority to go below the limit of 20% so fixed in the advisories issued by CBDT - granted interim protection til the disposal of the appeal....

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