ITAT grants stay as appellant already paid 20% Tax Demand

M/s. Shubh Share Broking Pvt. Ltd Vs ITO (ITAT Kolkata) In the present case, assessee needs to seek stay of outstanding demand since his Bank account has been attached by the department. Also he has financial stringency. ITAT state that the assessee shall pay an amount of ₹5 lakh on or before 30.03.2020. The balance outstanding demand is stayed for the period of six months or the disposal of this appeal whichever is earlier. Further, the AO is directed to withdraw all the attachments of the bank accounts forthwith, and enable the assessee to pay this amount of ₹5 lakh. FULL TEXT OF THE ITA...