Section 220 of the Income-tax Act, 1961—Collection and recovery of tax—Stay petition dismissed as no case whatsoever has been made by assessee for stay of demand on all the grounds of Prima-facie case, balance of convenience, irreparable loss and financial difficulties.

Facts: The assessee has come up with this stay petition seeking stay of outstanding income-tax and interest thereon.

Held, that no case whatsoever has been made by assessee for stay of demand on all the grounds of Prima-facie case, balance of convenience, irreparable loss and financial difficulties before and hence this stay petition stand dismissed. - SHANTANANDA STEEL (P.) LTD. V/s ITO - [2020] 182 ITD 434 (ITAT-CHENNAI)