Court Dismisses Petition to Stay Tax Demand; Financial Hardship Claim Rejected Due to Faulty Accounts.

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....Stay of demand during the pendency of the petitioner’s appeal before CIT (A) - The petitioner’s plea of financial stringency based on its balance-sheet also inspires no confidence as according to the Assessing Officer, the accounts have not been properly maintained. Accordingly, the writ petition is dismissed. - HC....