Taxpayer's Appeal Leads to Reduced 20% Deposit Requirement in High-Pitch Assessment Case; Grievances Reviewed by Pr. CIT.

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Full Text of the Document

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....Stay of demand - high pitch assessment - Pr. CIT ought to have examined grievances of the assessee before deciding whether case is a fit one where the requirement of deposit of 20% of the disputed tax pending appeal can be reduced - stay granted....