ITAT stays tax demand because the assessee has a prima facie case in its favour

Lucknow Development Authority Vs ACIT (ITAT Lucknow)

2012-13, 2013-14, 2014-15, 2015-16 & 2016-17

Therefore, at the end ITAT approved to stay the outstanding demand for a period of six months from the date of this order or till disposal of the appeals, whichever is earlier, provided the assessee deposits the above noted amounts within the prescribed period.

FULL TEXT OF THE ITAT JUDGEMEN

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