Requirement of pre-deposit set aside on account of high-pitched IT demands

Instakart Services Private Limited Vs PCIT (Karnataka High Court) Karnataka High Court directs disposal of appeal without insisting on payment of 20% as pre-deposit since the same were high-pitched demands. Accordingly, unconditional stay granted and directions for disposal of appeal given. Facts- Vide the present petition, the petitioner has mainly contested that the impugned order dated 25.11.2024 passed by respondent No.2 in order to point out that respondent No.2 has erroneously followed the Circular dated 29.02.2016 by wrongly holding that the requirement of depositing 20% as pre-conditio...