High Court held that, in view of admitted position that 20 per cent of amount demanded had neither been deposited nor any request to grant time to deposit same was made, hearing on stay application could not have been expedited. Special Leave Petition filed by assessee against said order was to be dismissed as not pressed. CBDT Circular F. No. 404/72/93-ITCC, dated 31-7-2017
Allahabad Development Authority v. CIT (E) (2024) 296 Taxman 159 (SC)
S. 220 : Collection and recovery-Assessee deemed in default-Stay-SLP dismissed as not pressed.[Art. 136]