Hon’ble  High Court  granted complete stay on the recovery of outstanding demand by observing that the assessee had filed loss return, however, AO passed high pitched assessment order and also issued notice of demand under section 156 of the Act. Stay application filed by the assessee is rejected by the AO and directed the assessee to deposit 20 per cent of tax as determined in assessment order. As the appeal filed before Commissioner (Appeals) is pending, recovery proceedings is to be kept in abeyance till appeal is disposed of by the Commissioner (Appeals).