Income Tax and Stay on Demand

Income Tax and Stay on Demand 

In case of Rasheed Ali And Sons v. ITO [2025] GCtR 926 (Madurai, Madras), assessee failed to comply with the mandatory requirement of paying 20% of the disputed demand, as stipulated under CBDT Instruction No.1914, dated 21.03.1996 and the Office Memorandum dated 31.07.2017. Documentary evidence produced by the assessee does not substantiate the claim of financial hardship to the extent required to justify non-payment of the disputed demand. Refusal to grant a stay on recovery proceedings was held to be justified.