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Aas the petitioner's request for complete stay is concerned, the same cannot be granted. Pursuant to search operations, assessments were carried out, which has resulted into substantial tax demands. Merely because the petitioner has filed appeals against such order of assessment by itself, Second contention of the petitionerhowever warrants considerationIf the properties are under attachment, naturally it would be difficult for the petitioner to raise funds for payment of substantial taxes. In present situation, except for granting additional time for depositing the tax, no further relief would be necessary were NOTICE, returnable on 08.11.2016

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Section 220 of the Income-tax Act, 1961—Collection and recovery of tax—Additional time for depositing tax was granted as properties are under attachment, and naturally it would be difficult for the petitioner to raise funds for payment of substantial taxes - KARMVIR BUILDERS V/s PR. CIT - [2018] 1 ITCD Online 360 (GUJ)

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