2024 (10) TMI 178

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....e Petitioner: M/s. Suhrith Parthasarathy For Respondents: Dr.B.Ramaswamy Senior Standing Counsel ORDER Against an assessment order dated 29.12.2023, the petitioner filed an appeal before the appellate authority. Pending consideration thereof, the petitioner filed a petition for stay before the Assessing Officer. Such petition was rejected on the ground that the petitioner did not make the 20% ....

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....and requested that a stay be granted in view there of. He also pointed out that all relevant materials were placed before the Commissioner of Income Tax and such materials were examined before rejecting the stay petition. 4. The CBDT's office memorandum referred to above is in the nature of guidelines to be borne in mind while deciding stay applications. Such guidelines do not preclude or sup....