Petition filed by the assesee ,for grant of absolute stay and collection of disputed demand was rejected, in interest of justice, assessee was to be directed to deposit further 20 per cent of original tax demand and if assessee complied with said direction, impugned notice issued under S. 226(3) would be revoked. (AY.2010-11)
Bright Packaging (P.) Ltd. v. ACIT (2018) 256 Taxman 29 /( 2019) 417 ITR 356 (Karn)( HC) Editorial: Affirmed by division bench Bright Packaging (P.) Ltd. v. ACIT ( 2019) 417 ITR 360 ( Karn) (HC)
S. 226 : Collection and recovery – Stay -On payment of 20% of original tax demanded , notice issued u/s 226(3) of the Act is directed to be vacated . [ S.220 , 226(3) ]