Stay of Demand: HC reduces tax deposit to 10% of disputed demand

Shri Dalpatsinh Ukabhai Vasava Vs Pr. CIT (Gujarat High Court) While praying for stay of demand raised pursuant to the order under Section 143(3) of the Act, the writ-applicant contended that the case was one of high pitched assessment. The writ-applicant also pointed out his poor financial condition. The writ-applicant submitted before the Income Tax Officer that even the deposit of 20% of the total amount was beyond his financial capacity. On the other hand, this petition has been vehemently opposed by Mr.Varun Patel, the learned counsel appearing for the Revenue. Mr.Patel submitted that no ...