S. 220(6): In high-pitched assessments, AO must ordinarily grant stay of demand

M/s Maheshwari Agro Industries vs. UOI (Rajasthan High Court)

 

The assessee offered Rs. 3.48 lakhs. The AO made a “high-pitched” assessment of Rs. 1.44 crores. The AO rejected the assessee’s stay application and issued s. 226(3) garnishee notices. The assessee filed a Writ Petition to challenge the rejection of the stay application. HELD by the High Court allowing the Petition