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of <h1>Delhi High Court Clarifies Assessing Officers' Discretion u/s 220(6) for Tax Demand Stays; Refund Adjustments Reviewed.</h1> The Delhi High Court analyzed the discretionary power of Assessing Officers under Section 220(6) of the Income Tax Act regarding the stay of tax demands. The court reviewed CBDT Office Memorandums, which suggest but do not mandate a 20% deposit of disputed tax for stay consideration. The court emphasized that the Assessing Officer's discretion should not be restricted by these guidelines and must consider factors like prima facie case and undue hardship. The court found the tax authorities erred in adjusting refunds without considering the petitioner's stay application and remitted the matter for reconsideration.
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