Assessee, an educational and charitable society registered under section 12A, faced scrutiny leading to a tax liability of Rs. 2.50 crores on its gross receipts of Rs. 5.25 crores . Assessee submitted a rectification application under section 154, which remained undecided for over 2\u00bd years \u00a0Assessee also challenged demand before appellate authority and sought a stay under section 220(6), which was partially granted, directing payment of Rs. 35 lakhs by a certain date . On writ\u00a0 the Court held that the\u00a0 assessee is a charitable establishment and had been availing exemption from payment of income-tax all along, prior to issuance of demand notice and even in subsequent years as well. Therefore, considering status of assessee, which was a charitable establishment with a charitable object and purpose, assessing authority should have allowed application under section 220(6) . Stay is \u00a0granted on entire demand till disposal of appeal .(AY. 2018 -19)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 220 : Collection and recovery – Assessee deemed in default – Stay \u2013 Pendency of rectification application- Pendency of appeal before CIT(A)- Stay is granted on entire demand till disposal of appeal . [ S.2(15), 12A, 154 , 220(6), 250 , Art. 226 ] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-42989","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-bbn","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/42989","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=42989"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/42989\/revisions"}],"predecessor-version":[{"id":51543,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/42989\/revisions\/51543"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=42989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=42989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=42989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}