Arun Thomas v. the Assistant Commissioner of Income Tax
Case brief
What is this about?
The High Court modified the conditional stay order in the underlying writ petition, reducing the required payment from one-third of the tax demand to Rs. 40 lakhs, payable in two equal instalments by specified dates.
What did the court decide?
Modification of conditional stay order reducing security deposit to Rs. 40 lakhs payable in two instalments.