HC allows assessee to deposit less than 20% of disputed tax for stay of demand

Education Research And Development Foundation Vs Union Of India And Ors.(Calcutta High Court) In the above-mentioned case, the assessee filed an appeal before the Commissioner (Appeals), which was pending, meanwhile, the assessee also filed an application for a stay of demand before the AO . However, this application was disposed of by directing the assessee to make a payment of 20 percent of the outstanding demand. Consequently, the assessee filed a writ petition before the Hon’ble High court of Calcutta and submits that in the event the petitioner is called upon to deposit 20% of the dispu...