03 June 2009
Hello friends I am totally confused over law of stay of demand.Please help me in my following queries:-
1)If an assessee has taken stay of demand and files his appeal sai in CIT(A) and further loses the appeal then at what time period he has to pay demand.within 30 days of fresh demand notice or next day on which appeal is decided and in this case if he doesnt pay then from when he will be deemed as assessee in default?Will he be deemed as assessee in default during period of stay or not?
2)If he has not taken stay of demand and further wins the case will he be treated as assessee in default?
CAclubindia
