Section 220 of the Income Tax Act, 1961 – 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: Assessee has filed Stay Petition arising out of appeal seeking stay of demand of disputed tax and interest amount as reflected in Stay Petition filed with Income Tax Appellate Tribunal.

Held, that keeping in view totality of circumstances, 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,hence, this stay petition filed by assessee lacks merits and stand dismissed – HEMALATH (G.)(SMT.) Vs. ASSTT. CIT [2020] 80 ITR (TRIB) 456 (ITAT-CHENNAI)