To stay demand , AO can not ask 20% of disputed Tax mechanically without examining facts and circumstances of case : HC
The grant of stay is conditional upon the satisfaction of three primary aspects, i.e., the existence of a prima facie case, financial stringency demonstrated and established by the Assessee and the balance of convenience in the matter. Thus, the Office Instruction directing the Assessing Authority to call upon the assessee to remit 20% of the… Read More »