Tax Authority Must Stay Demand Due to Excess Refunds Exceeding 20% of Disputed Amount from 2019 Assessment.

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....Stay of demand - Recovery of outstanding demand - pre-condition for stay of demand - The respondents/revenue already hold refunds due to the petitioner/assessee that exceed 20% of the disputed amount. Therefore, in our opinion, the AO is obligated to stay the demand created by the assessment order dated 30.12.2019. - HC....