On writ considering the facts and circumstances and also taking into account the quantum of the demand when the assessee had made a payment of 15 per cent. of the demand it would be entitled to stay of the assessment order under appeal before the appellate authority, till the disposal of appeal by the CIT(A). (AY.2018-19)
Air Liquide Medical Systems Pvt. Ltd. v Dy. CIT (2023)456 ITR 712/ 155 taxmann.com 409 (Mad)(HC)
S. 220 : Collection and recovery-Assessee deemed in default-Stay-Pendency of appeal-Paid 15 Per Cent. of demand-Stay is granted till disposal of pending appeal. [S.220(6), 246A, Art. 226]