Stay Application: No necessity to pre-deposit 15% of disputed demand

High Court held that Considering the Office Memorandum F. No. 404/72/93- ITCC dated 29thFebruary 2016 as a whole, there is no such requirement of pre-deposit of 15% of the disputed demand either at the time of submitting stay application or before the stay application of the assessee is considered on merits. Full Text of the High Court Judgment / Order is as follows:- 1. Shri Sudhir M Mehta, learned advocate waives service of notice of rule on behalf of the respondents. In the facts and circumstances, the present writ petition is taken up for final hearing today. 2. By way of this petition u...