Madras HC directed continuation of stay till disposal of appeal before Appellate Authority

Sree Balaji Developers Vs Additional/Joint/Deputy/ACIT (Madras High Court) Madras High Court directed to expeditiously dispose of the appeal filed before Appellate Authority and also held that stay granted shall continue to operate till the disposal of pending appeal. Facts- The petitioner is engaged in Real Estate business. The petitioner had few transactions and also filed return of income on 14.10.2016, disclosing the total income of Rs.91,12,576/-. Thereafter, a notice was issued to the petitioner on 22.10.2018 under Section 133(6) of the Income Tax Act, 1961, wherein, the petitioner was c...