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ITAT grants stay of demand, enables builder to pay

A development corporate, which all through the Covid-19 pandemic, sought after to care for its staff, strengthen group of workers and employees and used to be unable to do so, on account of an excellent Income-tax (I-T) demand of Rs 2.91 crore, frozen financial institution accounts and attachment of its borrowers has bought a favourable order from the Income-tax Appellate Tribunal (ITAT).

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