REVISED GUIDELINES FOR STAY OF DEMAND AT THE FIRST APPEAL STAGE(PRESS RELEASE DT.03.03.16)

revised-guidelines-for-stay-of-demand-at-the-first-appeal-stage
REVISED GUIDELINES FOR STAY OF DEMAND AT THE FIRST APPEAL STAGE(PRESS RELEASE DT.03.03.16)

Under the revised guidelines, where the outstanding demand is disputed before Commissioner (Appeals), the Assessing Officer shall grant stay of demand till disposal of first appeal on payment of 15%of the disputed demand.

Any deviation from the standard pre-payment of 15% either requested by the assessee or by the Assessing Officer, shall be decided by the administrative Principal Commissioner or Commissioner, who after considering all relevant facts, shall decide the quantum/ proportion of demand to be paid by the assessee as lump sum payment for granting a stay of the balance demand.

In case the assessee is still aggrieved after the required stay of demand is granted, he may approach to the administrative Principal Commissioner or Commissioner for a review of decision of the Assessing Officer

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