Daily Archives: May 29, 2016

Stay of Demand : ITAT Procedure

By | May 29, 2016

Stay of Demand Stay of demand by Income-tax (Appellate Tribunal) Stay of Demand : Procedure for filing and disposal of stay petition. Rule – 35A, Income-tax (Appellate Tribunal) Rules, 1963 35A. (1)(a) Every application for stay of recovery of demand of tax, interest, penalty, fine, estate duty or any other sum shall be presented in triplicate… Read More »

Stay of demand : CBDT Guidelines

By | May 29, 2016

Stay of demand (Stay of demand as per  Income tax Act 1961 ) Stay of demand : Revised guidelines of CBDT PRESS RELEASE, DATED 3-3-2016 With a view to streamline the process of grant of stay of demand when the case of the taxpayer is pending before Commissioner (Appeals) and to standardize the quantum of… Read More »