2019 (7) TMI 994

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....Through: Ms. Vibhooti Malhotra, Senior Standing Counsel for Revenue. O R D E R 1. The challenge in the present petition is to the order dated 31st March, 2019 passed by the Income Tax Officer (Headquarters) -I, New Delhi rejecting the request for stay of the demand of Rs. 5,00,04,435/- by the assessment order dated 24th December, 2018 passed under Section 143 (3) of the Income Tax Act, 1961 ....

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.... 2017, the Petitioner is required to deposit 20% of the outstanding demand. This works out to be Rs. 1 crore. 3. As rightly pointed out by learned counsel for the Revenue, nowhere in the application for stay of the demand has the Petitioner made out a case of genuine hardship and inability to meet the above condition of making a deposit of 20% of the demand. 4. Learned counsel for the Petiti....