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High Court Orders Reconsideration of Tax Demand Stay Petition u/s 220(6); Lack of Justification by Tax Officer Noted.

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....Stay of demand - recovery proceedings - scope and ambit of enabling provision namely Section 220(6) - petitioner apart from other reliefs also prayed for not insisting to take 20% of the demand and grant complete stay without any deposit - ITO / AO has not assigned any 'reason' as to why stand taken by the petitioner was not treated to be trustworthy - Matter restored back for reconsideration - HC....

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